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DOLLAR GENERAL, Hartleton, PA

DOLLAR GENERAL

Price $1,484,000
Cap Rate
NOI
Lease Term 15 Years, With 14 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 2019
Building Size 9,026 SF
Lot Size 1.6 Acres (69,696 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

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
» Upgraded 2019 construction

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s annual revenue exceeds $27.8 billion
» Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

EASILY ACCESSIBLE LOCATION IN POPULOUS AREA
» Located along Main Street/ State Route 45, a primary thoroughfare traversing the entirety of Hartleton
» 20-foot lighted pylon sign facing Main Street, increasing traffic to the site
» 61,079 residents within a 15-mile radius of the property
» Average household income of $85,738 within a 15-mile radius of the property
» Projected 13 percent AHI increase within 10 miles of the site in the next five years, poising Hartleton for significant growth

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS AND COMMUNITY HUBS
» Located at the confluence of several State Game Lands hunting grounds, attracting impactful amounts of outdoor recreationists (outdoor recreation generates $29.1 billion in Pennsylvania consumer spending)
» Gateway to McCalls Dam State Park, Bald Eagle State Forest, and Rothrock State Forest
» Near several well-established local businesses and community hubs in primary Hartleton retail corridor
» Five miles from Downtown Mifflinburg, increasing traffic to the location


Property Description

SOLD

The property is at an easily accessible location along Main Street (State Route 45), a primary thoroughfare traversing the entirety of Hartleton. The site benefits from its central location in a populous area, with 61,079 residents living within a 15-mile radius of the location and an average household income of $85,738. The property is primed to grow along with the surrounding area, with a projected 13 percent average annual household income increase within 10 miles of the site in the next five years. Traffic to the site is also increased by the 20-foot lighted pylon sign facing Main Street.

The property is located at the confluence of several State Game Lands hunting grounds, attracting impactful amounts of outdoor recreationists. Outdoor recreation generates $29.1 billion in Pennsylvania consumer spending. Traffic to the site is also increased by its proximity to McCalls Dam State Park, Bald Eagle State Forest, and Rothrock State Forest. The site experiences increased traffic from its location near several well-established local businesses and community hubs in Hartleton’s primary retail corridor. Visibility is also increased by the location’s proximity to Millmont (one-point-six miles), Laurelton (three miles), and Mifflinburg (five miles).

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