Dollar General,
Bridgeton, NJ Investment Summary
| Price | $1,850,000 |
| Cap Rate | |
| NOI | |
| 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 Option Periods |
| Year Built | 2020 |
| Building Size | 9,100 SF |
| Lot Size | 2.23 Acres (97,139 SF) |
| Status | Sold |
| Lead Brokers | 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 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 Andrew J. Schwartz Director 973.292.4624 dollargeneral.nj@cushwake.com |
Investment Highlights
15-YEAR 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
» 2020 upgraded construction being built to Dollar General’s latest prototype
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 $27.8 billion
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth
LOCATED NEAR LARGE SCHOOLS AND RECREATIONAL ATTRACTIONS
» Excellent visibility and access to 13,006 vehicles per day directly in front of the location on East Commerce Street
» Within three miles of six schools with combined enrollment of 4,956 students
» Close proximity to multiple tourist attractions such as City Park, Cohanzick Zoo, and Bridgeton Splash Park
» One mile from Rutgers Food Innovation Center, a Bridgeton business incubator and economic development accelerator
» Centralized location at the confluence of Parvin State Park (265,000+ annual visitors), New Jersey Motorsports Park (500,000+ annual visitors), and Delaware River ($70+ million annual economic impact)
Property Description
SOLD
The property is conveniently located on East Commerce Street, with excellent visibility and access to 13,006 vehicles per day directly in front of the location. Visibility is increased by the site’s centralized location near large schools and employers. The property is within three miles of six schools with a combined enrollment of 4,956 students, including Bridgeton High School (1,316 students) and Broad Street Elementary School (1,151 students). The site is also one mile from Rutgers Food Innovation Center, a Bridgeton business incubator and economic development accelerator.
The property benefits from its central location near multiple large parks and tourist attractions. The location has close proximity to multiple tourist attractions such as City Park, Cohanzick Zoo, and Bridgeton Splash Park. The site resides at the confluence of multiple New Jersey tourism destinations, including Parvin State Park (265,000+ annual visitors), New Jersey Motorsports Park (500,000+ annual visitors), and Delaware River ($70+ million annual economic impact).
