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Dollar General, Pine Hill, NJ

Dollar General

Pine Hill, NJ

Price $2,167,000
Cap Rate 6.00%
NOI $129,978
Lease Term 10 Years
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot Replacement
Rental Increases 10% Rental Increases in Option Periods
Year Built 2021
Building Size ±14,000 SF
Lot Size 1.93 Acres (84,071 SF)
Status Available
Lead Broker Information Andrew J. Schwartz
Cushman & Wakefield
973.292.4624
dollargeneral.nj@cushwake.com

Investment Highlights

10-YEAR NET LEASE WITH INVESTMENT-GRADE CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and maintenance
» Premier Dollar General retrofit lease whereby tenant self-maintains premises

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED, GROWING, AND AFFLUENT AREA
» High-traffic location along Erial Road, with excellent visibility and access to 17,079 vehicles per day
» 185,136 residents within a five-mile radius of the property, establishing a large customer base for the site
» Located in a robustly affluent area, with an average annual household income of $95,630 within a one-mile radius of the site
» Projected 10 percent average annual household income increase within three miles of the site in the next five years, poising Dollar General and Pine Hill for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMLOYERS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Papa John’s Pizza, Dunkin’, Wawa, CVS Pharmacy, Walgreens, Rite Aid, and many more
» Centrally located within the Pine Hill School District (combined four schools, 1,899 students)
» Three miles from Camden County Technical School (1,331 students)
» Beneficial proximity to major New Jersey tourist and recreational attractions, including Trump National Golf Club Philadelphia, Clementon Park & Splash World, Sahara Sam’s Oasis Outdoor Waterpark, and Diggerland USA

NEW 2021 REMODEL
» High-quality remodel to be completed in Q1 2021
» Features Dollar General’s latest prototype with new roof, HVAC, and electrical with warranty
» Large 1.93-acre parcel and 14,000-SF building



Property Description

The property has a high-traffic location along Erial Road, with excellent visibility and access to 17,079 vehicles per day. The property is located in a densely populated and affluent area, with 185,136 residents living within a five-mile radius of the site and an average annual household income of $95,630 within five miles of the site. Dollar General is poised to grow along with the location, with a projected 10 percent average annual household income increase within three miles of the site in the next five years.

The site benefits from its central location near large employers, retailers, and community hubs. The property is surrounded by a strong mix of local and national retailers, including Papa John’s Pizza, Dunkin’, Wawa, CVS Pharmacy, Walgreens, Rite Aid, and many more. The site is centrally located within the Pine Hill School District (combined four schools, 1,899 students) and three miles from Camden County Technical School (1,331students). The location benefits from being centrally located within minutes of major New Jersey tourist and recreational attractions, including Trump National Golf Club Philadelphia, Clementon Park & Splash World, Sahara Sam’s Oasis Outdoor Waterpark, and Diggerland USA.

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