Listed by SURMOUNT
$2,148,133
Dollar General
Details
Property Type Retail
Sub Type Dollar store
Square Footage 10,669
Cap Rate 6.75%
NOI $144,999
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 12
Lease Expiration 09/12/2038
Remaining Term 12
Rent Bumps Yes
Lease Options 3, 5-Year Options
Year Built 1999
Acreage 1.070
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/13/2026
Ground Lease No
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing of a Dollar General located at 1650 Main Street in Olyphant, Pennsylvania. The property consists of approximately 10,669 square feet situated on an estimated 1.07-acre parcel. Dollar General has executed a new 12-year NNN lease with a projected commencement date of September 13, 2026. Initial annual rent is $144,999 and increases by 5% after Year 6 and at the beginning of each renewal option.
Investment highlights
- Dollar General Relocation Store | Dollar General elected to relocate within the same trade area to a larger store, reinforcing management's long-term commitment to this market after years of successful operations.
- Brand New 12-Year Lease | New 12-year NNN lease featuring a 5% rental increase after Year 6 and three 5-year renewal options, each with 5% rent increases, providing built-in income growth.
- Sustainable Rental Rate | Rent equates to approximately $13.50/SF, a conservative level relative to replacement cost that supports long-term occupancy and renewal potential.
- Recent Comprehensive Redevelopment | Ownership completed a significant retrofit to accommodate Dollar General's larger store format. A detailed scope of work is available, reducing near-term capital expenditure risk.
- Strong Retail Fundamentals | The property is located within a mature retail trade area characterized by strong national tenancy, stable consumer demand, and limited opportunities for new retail development.
- Dense and Stable Consumer Base | The property serves an established residential population of more than 93,000 residents within a five-mile radius, providing consistent daily consumer demand.
- High-Performing Retail Trade Area | The surrounding retail corridor is home to multiple high-performing national retailers, including a nearby Dunkin and CVS that rank in the 98th and 85th percentiles nationwide, respectively, for customer visits according to Placer.ai.
- Prime Signalized Corner Location | Highly visible corner location at the intersection of Main Street and W. Lackawanna Avenue, benefiting from more than 22,000 combined vehicles per day and excellent accessibility.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,999.00
$12,083.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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