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Dollar General, Acme, PA

Dollar General

Price $1,388,000
Cap Rate 6.75%
NOI $93,640
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 Options
Year Built 2018
Building Size 9,026 SF
Lot Size 1.84 Acres (80,151 SF)
Status Available
Lead Broker Information 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

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

Investment Highlights

NEW 15-YEAR ABSOLUTE 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

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 $25.6 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth

HIGH-EXPOSURE AND CENTRAL LOCATION
» Excellent visibility and access to 6,046 vehicles per day directly in front of the property on Pennsylvania State Route 31 and 37,362 vehicles per day on nearby Interstate 70
» Surrounded by a mixture of local businesses, multiple lodging and hotel establishments, communal meeting areas, and recreational attractions
» 67,310 residents within a fifteen-mile radius
» Proximity to Laurel Ridge State Park, Bear Run Nature Reserve, Laurel Hill State Park, and the Roaring Run Natural Area, attracting outdoor enthusiasts interested in hiking, fishing, and camping to the area



Property Description

The property is located on Pennsylvania State Route 31, with excellent visibility and access to 6,046 vehicles per day directly in front of the location. State Route 31 also offers convenient access to Interstate 76, which experiences 37,362 traveling vehicles per day and serves as a main east-west thoroughfare through Pennsylvania. The property is surrounded by a mixture of well-established local businesses, highly-rated lodging and hotel establishments, communal meeting areas, and recreational activities that cater to locals and tourists alike. The location is a centralized economic and activity hub for several surrounding towns and cities, as Acme is bordered by Kecksburg, Carpentertown, Jones Mills, Wooddale, and Stahlstown.

The property is located just minutes from several recreational parks and tourist attractions, including Chestnut Ridge Park, Norvelt Golf Club, Roaring Run Natural Area, Living Treasures Animal Park, Donegal Highlands Golf Course, Bear Rocks Community Club, Laurel Hill State Park, Idlewild & SoakZone, and Laurel Mountain State Park.

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