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Dollar General, Greensboro, PA

Dollar General

Price $1,502,000
Cap Rate 6.65%
NOI $99,860
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 2.5 acres (108,900 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
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 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 on South Eighty Eight Road, with excellent visibility and access to 2,705 vehicles per day
» Centrally located minutes from downtown Masontown, Port Marion, several major retail centers, and a number of schools



Property Description

The property is located on South Eighty Eight Road, with excellent visibility and access to 2,705 vehicles per day. South Eighty Eight Road is one of the oldest highways in Pennsylvania and runs through many towns following the Monongahela River. The property is strategically located at the intersection of Mapletown Road and South Eighty Eight Road near Community Bank and Mapletown High School, which serves 298 students.

The property is located just 10 miles from Morgantown, WV and 60 miles from Pittsburgh. Morgantown is home to West Virginia University, a public university with over 30,000 students and faculty. West Virginia University has a major athletics program and competes in the Division I Big 12 Conference. The property is also located in the Pittsburgh MSA, the 27th largest metropolitan area in the country. Pittsburgh is the second largest city in Pennsylvania and has the 21st largest port in the United States.

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