x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Dollar General, Moscow, PA

Dollar General, Moscow, PA


Investment Summary

Price $1,641,000
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 Options
Year Built 2019
Building Size 10,566 SF
Lot Size 2.4 acres (104,544 SF)
Status Sold
Lead Brokers 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
Executive Managing Director
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 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
» Relocated from neighboring building, demonstrating a commitment to the location

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 15,370 locations in 44 states and has plans for significant future growth

HIGH-TRAFFIC LOCATION WITH IMMEDIATE FREEWAY ACCESS
» Excellent visibility and access to 7,213 vehicles per day directly in front of the property
» Minutes from major Pennsylvania north-south thoroughfare Interstate 380 (27,472 AADT)
» Near North Pocono Middle School, Arthur T. Howells Middle School, and Moscow Elementary Center, which have a combined enrollment of over 1,500 students

CENTRAL LOCATION TO MULTIPLE TOURIST ATTRACTIONS AND OUTDOOR RECREATION AREAS
» Within minutes of Maple Lake, Six Springs Creek, Covington Park, and Marjon Golf Course—a 9-hole, par 35 course
» Easy access to seven State Game Land sites, attracting significant amounts of hunting, fishing, hiking, and camping recreationists
» Common thoroughfare for locals and tourists visiting the Pocono Mountains, which has an average annual impact of $1 billion on the local economy

LOCATED IN AFFLUENT AREA WITH LOW COMPETITION
» Average household income of $113,275 within a one-mile radius
» Nearest Dollar General is over 30 minutes away


Property Description

SOLD
The property is located on 320 South Main Street, with excellent visibility and access to 7,213 vehicles per day directly in front of the location. It is minutes from Interstate 380 (27,472 AADT) and Interstate 84 (19,904 AADT). The property is surrounded by a mixture of well-established local businesses, recreational establishments, and communal meeting areas that cater to locals and tourists alike.

The site resides within a short distance of Maple Lake, Six Springs Creek, Covington Park, and Marjon Golf Course—a 9-hole, par 35 course. The property is centrally located at the confluence of seven different State Game Land sites, attracting significant amounts of outdoor recreationists yearround. Visibility is increased by its proximity to the Pocono Mountains, a nationally recognized and premiere resort destination that has an average annual impact of $1 billion on the local economy. The property also benefits from an affluent surrounding population, with an average household income of $113,275 within a one-mile radius of the location.

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link