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Dollar General, Middlebury Center, PA

Dollar General

Price $1,541,000
Cap Rate 6.75%
NOI $103,976
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 6.61 Acres (287,932 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

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

CENTRAL LOCATION ALONG ROUTE 287
» Located on Intersection of Route 287 and Catlin Hollow Road, with excellent
access and visibility to 3,976 vehicles per day directly in front of the store
» Just minutes from Downtown Wellsboro and many state forests



Property Description

The property is located at the intersection of Route 287 and Catlin Hollow Road with excellent visibility and access to 3,976 vehicles per day directly in front of the store. The property is just minutes from many state forests and less than forty minutes from Tioga-Hammon Lakes Recreation Area to the east, attracting visitors to the area’s ample outdoor activities that include hiking and fishing. It is also less than fifteen minutes from Downtown Wellsboro, the county seat of Tioga County, and less than two miles from Middlebury Airport.

Downtown Wellsboro is one of the main retail centers of the county with a strong mix of local and national retailers including McDonald’s and Pizza Hut. Tioga County is best known for its state parks, specifically the Pennsylvania Grand Canyon, which draws over 200,000 visitors per year. There are many schools in Wellsboro including Wellsboro Area High School (450+ students), Rock L Butler Middle School (345 students), Trinity Lutheran School (320+ students), and Don Gill Elementary School (330+ students). In total, the Wellsboro Area School District serves more than 1,400 students every year.

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