PROPERTY INFO
FINANCIAL SUMMARY
Tenant: Dollar General
Purchase Price: $1,519,661*
Street Address: 511 Old Route 15
Cap Rate: 6.80%
City: Port Trevorton
Net Operating Income: $103,337
State: PA
Price / SF: $167
Zip APN: 1/864
Rent / SF: $40
Offering 2.5% Fee to Buy-Side Broker
CONTACT INFORMATION
Listing Agent: Nina McGaughy
Phone Number: (424)325-2624
Year Built: 2019
INVESTMENT HIGHLIGHTS
Absolute Net (NNN) Investment: Dollar General operates on an Absolute Net (NNN) Lease with the tenant fully responsible for maintenance, insurance, and taxes, providing the landlord with a low maintenance asset.
Corporate Guarantee: Dollar General Corporation (NYSE:DG) is a Fortune 500 company with over 80 years in business and $25.6 billion in revenue FY18.
Future Rent Growth - 10% Increases In Each Option Period: There are 10% rental increases built into the lease in each option period, providing the landlord with positive rent growth and a hedge against inflation.
DOLLAR GENERAL
Strong Tenant Commitment: The lease features an initial term of 15 years with an additional three (3) 5-year options to extend the lease.