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Dollar General, Albrightsville, PA

Dollar General, Albrightsville, PA


Investment Summary

Price $1,910,000
Cap Rate 6.50%
NOI $124,138
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years in option periods
Year Built 2022
Building Size 10,566 SF
Lot Size 8.01 acres (348,916 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» 15-year absolute NNN lease to major retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”; over $37B in 2023 revenue)
» Fixed rent in the initial term with 10% rental increases every five (5) years in option periods
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for a passive or out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $37.8B
» Dollar General ranked #108 on Fortune 500 list in 2022
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates 19,371+ locations in 47 states with plans for significant future growth

STRONG PERFORMING “PLUS” STORE LOCATION IN A WIDE AND UNDERSERVED TRADE AREA WITH NO COMPETING SERVICES
» Easily accessible location at the intersection of State Route 534 & East Old State Road, with access to 3,678 AADT directly in front of the site
» Affluent location with an average annual household income of $95,175 within ten miles of the site (projected 15% increase by 2028)
» Located 10 miles south of the Pocono Mountains, a major U.S. vacation & tourist destination with approximately 27-30 million annual visitors
» 141,279 residents live within 15 miles of the site, providing a stable customer base
» Surrounded by popular Pennsylvania natural attractions, including Towamensing Trails Beach, Jonas Mountain Nature Preserve, Peaceful Woodlands Family Campground, and Hickory Run State Park

2022 CONSTRUCTION FEATURING “PLUS” CONCEPT ON 8.01 ACRES
» 2022 construction built to Dollar General’s latest prototype
» Large pylon sign located in front of store to generate additional visibility and traffic
» Larger footprint building (10,566 SF) to accommodate for more convenience store-type items

Property Description

» This Dollar General boasts excellent visibility on State Route 534/East Old State Road, the main thoroughfare in Albrightsville, with access to 3,678 AADT directly in front of the site (largest traffic count in the area)
» The site is positioned in an affluent location with an average annual household income of $95,175 within ten miles of the site (projected 15% increase by 2028)
» The property is located just 10 miles south of the Pocono Mountains, a major U.S. vacation & tourist destination with approximately 27-30 million annual visitors
» The site is surrounded by popular Pennsylvania natural attractions, including Towamensing Trails Beach, Jonas Mountain Nature Preserve, Peaceful Woodlands Family Campground, and Hickory Run State Park
» 141,279 residents live within 15 miles of the site, providing a stable customer base

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