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Dollar General, Bridgeton, NJ

Dollar General

Price $1,850,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases In Option Periods
Year Built 2020
Building Size 9,100 SF
Lot Size 2.23 Acres (97,139 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Andrew J. Schwartz
Director
973.292.4624
dollargeneral.nj@cushwake.com

Investment Highlights

15-YEAR NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor
» 2020 upgraded construction being built to Dollar General’s latest prototype

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $27.8 billion
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

LOCATED NEAR LARGE SCHOOLS AND RECREATIONAL ATTRACTIONS
» Excellent visibility and access to 13,006 vehicles per day directly in front of the location on East Commerce Street
» Within three miles of six schools with combined enrollment of 4,956 students
» Close proximity to multiple tourist attractions such as City Park, Cohanzick Zoo, and Bridgeton Splash Park
» One mile from Rutgers Food Innovation Center, a Bridgeton business incubator and economic development accelerator
» Centralized location at the confluence of Parvin State Park (265,000+ annual visitors), New Jersey Motorsports Park (500,000+ annual visitors), and Delaware River ($70+ million annual economic impact)


Property Description

SOLD

The property is conveniently located on East Commerce Street, with excellent visibility and access to 13,006 vehicles per day directly in front of the location. Visibility is increased by the site’s centralized location near large schools and employers. The property is within three miles of six schools with a combined enrollment of 4,956 students, including Bridgeton High School (1,316 students) and Broad Street Elementary School (1,151 students). The site is also one mile from Rutgers Food Innovation Center, a Bridgeton business incubator and economic development accelerator.

The property benefits from its central location near multiple large parks and tourist attractions. The location has close proximity to multiple tourist attractions such as City Park, Cohanzick Zoo, and Bridgeton Splash Park. The site resides at the confluence of multiple New Jersey tourism destinations, including Parvin State Park (265,000+ annual visitors), New Jersey Motorsports Park (500,000+ annual visitors), and Delaware River ($70+ million annual economic impact).

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