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Dollar General & H&R Exporter, Pennsauken, NJ

Dollar General & H&R Exporter

Pennsauken Township, NJ

Price $2,674,000
Cap Rate 6.50%
NOI $173,780
Lease Term Various
Lease Type Net, with Tenants Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot Replacement
Rental Increases Various
Year Built 2020
Building Size 14,579 SF
Lot Size .79 Acres (34,412 SF)
Status Available
Lead Broker Information Andrew J. Schwartz
Cushman & Wakefield
973.292.4624
dollargeneral.nj@cushwake.com

Investment Highlights

100% LEASED RETAIL CENTER TO STRONG CORPORATE TENANTS
» Leased to corporate tenants with strong financials and lease guarantees
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» H&R Appliances has operated at the location for 5+ years, demonstrating long-term success
» Dollar General’s annual revenue exceeds $27.8 billion
» Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

HIGH-TRAFFIC SITE IN DENSELY POPULATED, GROWING, AND AFFLUENT AREA
» Located at the hard-corner of U.S. Route 130/South Crescent Boulevard and Burwood Avenue, with excellent visibility and access to 45,959 vehicles per day
» Central location at the confluence of several highly trafficked thoroughfares, including U.S. Route 30/Admiral Wilson Boulevard (88,952 AADT), State Route 38/Kaighns Avenue (58,631 AADT), and State Route 70 (52,823 AADT)
» 484,710 residents within a five-mile radius of the property, establishing an extremely large customer base for the site
» Average annual household income of $88,466 within a one-mile radius of the site
» Projected 10 percent average annual household income increase within one mile of the site in the next five years

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Immediately surrounded by a strong mix of local and national retailers, including CVS Pharmacy, McDonald’s, Dairy Queen, Auto Zone Auto Parts, Checkers, and many more
» Located within a five-mile radius of 18 major shopping centers with a combined 646 stores and 7.7 million SF of retail space, promoting crossover shopping to the site
» Central location within the Pennsauken Public School District, which has nine schools and 4,785 students
» Beneficial proximity to major tourist attractions, including Adventure Aquarium (800,000 annual visitors) and Independence National Historical Park (5 million annual visitors)
» Six miles from the New Jersey/Pennsylvania border, greatly increasing commuter traffic to the property



Property Description

The property is strategically located at the hard-corner of U.S. Route 130/South Crescent Boulevard and Burwood Avenue, with excellent visibility and access to 45,959 vehicles per day. The site is also centrally located at the confluence of several highly trafficked thoroughfares, including U.S. Route 30/Admiral Wilson Boulevard (88,952 AADT), State Route 38/Kaighns Avenue (58,631 AADT), and State Route 70 (52,823 AADT). The property is located in a densely populated and affluent area, with 484,710 residents living within a five-mile radius of the site and an average annual household income of $88,466 within one mile of the site. Dollar General & H&R Exporter are also poised to grow along with the location, with a projected 10% average annual household income increase within one mile of the site in the next five years.

The property benefits from its central location near many of the region’s largest employers, retailers, and community hubs. The location is immediately surrounded by a strong mix of local and national retailers, including CVS Pharmacy, McDonald’s, Dairy Queen, Auto Zone Auto Parts, Checkers, Papa John’s Pizza, and many more. The location resides within a five-mile radius of 18 major shopping centers with a combined 646 stores and 7.7 million SF of retail space, promoting crossover shopping to the property. The site benefits from being centrally located within the Pennsauken Public School District, which features nine schools and 4,785 students. The property maintains a beneficial proximity to major tourist attractions, including Adventure Aquarium (800,000 annual visitors) and Independence National Historical Park (five million annual visitors). The location is also six miles from the New Jersey/Pennsylvania border, greatly increasing commuter traffic to the site.

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