Dollar General,
Red Lion, PA Investment Summary
| Price | $1,588,000 |
| 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 | 2018 |
| Building Size | 9,100 SF |
| Lot Size | 2.093 Acres (91,171 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
» New 2018 construction 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 $25.6 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth
HIGH-TRAFIFIC LOCATION NEAR PROMINENT RECREATIONAL ATTRACTIONS
» Excellent visibility and access to 6,553 vehicles per day directly in front of the location on Winterstown Road
» Centralized location at the confluence of Rocky Ridge Park, Clarke Lake, Susquehanna River, Codorus State Park, Lake Redman, and Rocks State Park
» Visitor spending topped $1 billion in York County (eighth straight year of tourism growth for the county)
» Neighbored by North Hopewell-Winterstown Elementary School (269 students)
» Gateway to Baltimore (10 minutes from Pennsylvania/Maryland border)
Property Description
SOLD
The property is conveniently located on Winterstown Road, with excellent visibility and access to 6,553 vehicles per day directly in front of the location. Visibility is increased by the site’s location along a major north-south thoroughfare, State Route 24, which connects Pennsylvania and Maryland. The property is neighbored by North Hopewell-Winterstown Elementary School (269 students) and surrounded by a strong mixture of local businesses and residential amenities.
The site is centrally located at the confluence of several popular local and tourist attractions, including Rocky Ridge Park, Clarke Lake, Susquehanna River, Codorus State Park, Lake Redman, and Rocks State Park. Visitor spending topped $1 billion in York County, marking the eighth straight year of tourism growth for the county. The location also serves as a gateway to Baltimore, as the Pennsylvania/Maryland borderline resides 10 minutes south of the property.
