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Dollar General, Greenville, PA

Dollar General

Price $1,440,000
Cap Rate
NOI
Lease Term 15 Years With 13+ Years Remaining
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases In Option Periods
Year Built 2018
Building Size 9,026 SF
Lot Size 2.086 Acres (90,888 SF)
Status Sold
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

LONG-TERM 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, making this asset an 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 15,370+ locations in 44 states and has plans for significant future growth

EASILY ACCESSIBLE LOCATION IN DENSELY POPULATED AREA
» 64,209 residents within a 10-mile radius of the property
» Projected 16 percent increase in average household income within one mile of the property within five years
» Located along State Route 18, a major north-south thoroughfare traversing western Pennsylvania
» 21-foot pylon sign facing Reynolds Industrial Park Road, increasing visibility to the site

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Located in 430-acre Reynolds Industrial Park, home to 40+ businesses, expanded in 2019 to accommodate two new industrial business buildings (108,000 SF)
» Minutes from multiple parks, State Game Lands, and camping sites, including Adventure Bound Camping Resorts and Shenango River Lake (330 campsites)
» Within five miles of Greenville Junior-Senior High School (631 students), Reynolds Elementary School (546 students), Reynolds Junior-Senior High School (529 students), and Thiel College (751 students)
» Three miles from Shenango Lake Golf Club (18-hole, par-72 course)



Property Description

SOLD

The property has an easily accessible location on Reynolds Industrial Park Road/Route 16, one of Greenville’s most highly trafficked thoroughfares with excellent visibility, as well as access to 4,853 vehicles per day directly in front of the property. The site is located along State Route 18, a major north-south thoroughfare traversing western Pennsylvania. The location also resides in a densely populated and economically growing area. 64,209 people live within a 10-mile radius of the site, and the average household income is projected to increase by 16 percent in the next five years within a one-mile radius of the property. The property is also located in Reynolds Industrial Park, a 430-acre business park that is home to over 40 businesses. Reynolds Industrial Park was expanded in 2019 to accommodate two new industrial business buildings totaling 108,000 SF. Visibility is also increased by the site’s 21-foot pylon sign facing Reynolds Industrial Park Road.

The property is located just minutes from several recreational areas and tourist attractions, including Adventure Bound Camping Resorts and Shenango River Lake (330 campsites). Traffic to the site is increased by its proximity to a strong mix of well-established local retailers. The location also serves a large educational district, as the site resides within five miles of Thiel College (751 students), Greenville Junior-Senior High School (631 students), Reynolds Elementary School (546 students), and Reynolds Junior-Senior High School (529 students). The property is also three miles from Shenango Lake Golf Club, an 18-hole, par-72 course that’s been open since 1980.

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