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Dollar General, Clarion, PA (Route 322)

Dollar General

Price $1,411,000
Cap Rate 6.75%
NOI $95,216
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 9,100 SF
Lot Size 2.94 Acres
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

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
» Located on U.S. Route 322, with excellent visibility and access to 4,868 vehicles per day directly in front of the store
» Located on a major U.S. highway connecting many neighboring towns to Downtown Clarion



Property Description

The property is located on U.S. Route 322 with excellent visibility and access to 5,000 vehicles per day directly in front of the store. U.S. Route 322 connects many local towns to Clarion, the largest city and county seat of Clarion County. The property is just off Interstate 80 which experiences 23,767 vehicles per day.

The property is located just minutes from Clarion Hospital and Clarion University (3,942 students and 745 employees), the two largest employers in the county. Downtown Clarion is just down the road and is tenanted by many national retailers including CVS Pharmacy, ALDI, Walmart Supercenter, McDonald’s, Starbucks, and many others. The property is located in Clarion County just under 80 miles from both Pittsburgh, PA and Youngstown, OH. Clarion County has a large manufacturing and transport industry due to its location along Interstate 80.

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