Dollar General,
Waynesburg, PA Investment Summary
| Price | $1,550,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years, With 13+ Years Remaining |
| Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance |
| Rental Increases | 10% Rental Increases In Option Periods |
| Year Built | 2018 |
| Building Size | 9,026 SF |
| Lot Size | 2.6 Acres (113,486 SF) |
| Status | Under Contract |
| Lead Brokers | Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 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 Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management, making this asset an ideal investment opportunity for an out-of-area investor
» Upgraded 2018 construction
MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s annual revenue exceeds $27.8 billion
» Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth
EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AREA
» 37,775 residents within a 15-mile radius of the property
» Located along State Route 21, a major east-west thoroughfare traversing the entirety of Waynesburg
» 20-foot pylon sign facing West Roy Furman Highway, increasing traffic to the site
CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Located at the confluence of several State Game Lands hunting grounds, attracting outdoor recreationists to the area (outdoor recreation generates $29.1 billion in Pennsylvania consumer spending)
» Beneficial proximity to Waynesburg University (1,736 students)
» Gateway to Pittsburgh, Ohio, and West Virginia
» Near several well-established local businesses in neighboring Rogersville (249 residents)
Property Description
SOLD
The property has an easily accessible location along West Roy Furman Highway (State Route 21), a major east-west thoroughfare traversing the entirety of Waynesburg. The location maintains visibility to 4,817 vehicles per day in front of the site. The property benefits from its central location in a populated area, with 37,775 residents living within a 15-mile radius of the location. Traffic to the site is increased by the 20-foot pylon sign facing State Route 21.
The property is located at the confluence of several State Game Lands hunting grounds, attracting impactful amounts of outdoor recreationists. Outdoor recreation generates $29.1 billion in Pennsylvania consumer spending. The site experiences increased traffic from nearby Waynesburg University, which has 1,736 students. Visibility to the site is also increased by its proximity to a strong mix of well-established local retailers, and the property has convenient access to the neighboring Rogersville community (249 residents). The location also benefits from its convenient drivable access to nearby major metropolitan areas, including Pittsburgh, Ohio, and West Virginia.
