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DOLLAR GENERAL, Linesville, PA

DOLLAR GENERAL

Price $1,560,000
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 10,566 SF
Lot Size 1.84 Acres (80,150 SF)
Status Under Contract
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

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG)
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management, making this asset an 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 yearly 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 HIGHLY POPULATED AREA
» 61,878 residents within a 15-mile radius of the property
» Located along U.S. Route 6, a major east-west thoroughfare connecting California and Massachusetts, increasing traffic to the site
» 21-foot pylon sign facing U.S. Route 6 for added visibility

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Central location near several State Game Lands hunting grounds, attracting outdoor recreationists (outdoor recreation generates $29.1 billion in Pennsylvania consumer spending)
» Beneficial proximity to Pymatuning Reservoir and Conneaut Lake (3 million+ annual visitors)
» Gateway to Lake Erie ($40.6 million annual economic impact in Pennsylvania, 11 million annual visitors)
» Near several well-established local businesses and community hubs in primary Linesville retail corridor


Property Description

SOLD

The property has an easily accessible location on U.S. Route 6, Linesville’s main thoroughfare. The location maintains excellent visibility and access to 4,381 vehicles per day directly in front of the site. The property benefits from its central location in a highly populated area, with 61,878 residents living within a 15-mile radius of the location. Traffic to the site is increased by the 21-foot pylon sign U.S. Route 6.

The property has a central location near 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 a strong mix of well-established local retailers, and the property has convenient access to the nearby Pymatuning Reservoir and Conneaut Lake, which combined attract 3 million+ annual visitors. The location also serves as a common gateway to Lake Erie ($40.6 million annual economic impact in Pennsylvania, 11 million annual visitors).

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