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Dollar General, Waynesburg, PA

Dollar General

Price $1,525,000
Cap Rate 6.65%
NOI $101,376
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 2.6 Acres (113,486 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

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 2018 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 HIGHLY POPULATED AREA
» 37,775 residents within a 15-mile radius of the property
» Located along State Route 21, a major east-west thoroughfare traversing the entirety of Waynesburg
» 20-foot pylon sign facing West Roy Furman Highway, increasing traffic to the site

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Located at the confluence of several State Game Lands hunting grounds, attracting outdoor recreationists to the area (outdoor recreation generates $29.1 billion in Pennsylvania consumer spending)
» Beneficial proximity to Waynesburg University (1,736 students)
» Gateway to Pittsburgh, Ohio, and West Virginia
» Near several well-established local businesses in neighboring Rogersville (249 residents)



Property Description

The property has an easily accessible location along West Roy Furman Highway (State Route 21), a major east-west thoroughfare traversing the entirety of Waynesburg. The location maintains visibility to 4,817 vehicles per day in front of the site. The property benefits from its central location in a populated area, with 37,775 residents living within a 15-mile radius of the location. Traffic to the site is increased by the 20-foot pylon sign facing State Route 21.

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. The site experiences increased traffic from nearby Waynesburg University, which has 1,736 students. Visibility 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 neighboring Rogersville community (249 residents). The location also benefits from its convenient drivable access to nearby major metropolitan areas, including Pittsburgh, Ohio, and West Virginia.

Contact Us About This Property

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