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Dollar General, Bradford, PA

Dollar General

Price $1,647,000
Cap Rate 6.65%
NOI $109,508
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 2017
Building Size 9,002 SF
Lot Size 1.43 acres (622,900 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
Executive Managing Director
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

Investment Highlights

NEW 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

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 LOCATION WITH LARGE CUSTOMER BASE
» Located at the Intersection of State Route 219 and West Warren Road with excellent access and visibility to 13,675 vehicles per day directly in front of the property
» Just minutes from Downtown Bradford and the Allegheny National Forest



Property Description

The property is located at the intersection of State Route 219 and West Warren Road with excellent visibility and access to 13,675 vehicles per day directly in front of the store. The property is just minutes from Downtown Bradford and the Allegheny National Forest, the only national forest in Pennsylvania.

Downtown Bradford has a major retail center tenanted by many well-known retailers such as Walmart, CVS, McDonald’s, Arby’s, PNC Bank, Dunkin Donuts, and many others. Bradford is also home to the University of Pittsburgh at Bradford, which has over 1,600 students and faculty. The property is located just minutes from Bradford Regional Medical Center, a 202- bed acute care and nursing hospital and one of the largest employers in the area.

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