Saltsburg, PA - Dollar General

Description:

• Relocation store - 10,500+ SF DG Plus
• 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,000 locations
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• More than 45,000 residents and 12,000 employees support the trade area
• $86,471 average household income

• Dollar General is fronting Leach Avenue and is a relocation store directly across the street from the previous site
• 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
• This location is Dollar General’s newest prototype
• The asset has excellent visibility via street frontage providing ease and convenience for customers
• Limited competition as there are only two discount stores serving the immediate trade area
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2021, expanding its presence to 47 states throughout the country