Sligo, PA - Dollar General

Description:

• 15-year lease with 3 (5-year) 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, increasing 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

• Brand new construction which features high-level finishes and distinct design elements
• Directly off State Highway 68, the primary thoroughfare serving Sligo and the immediate trade area
• First discount/dollar store in Sligo
• Virtually no competition, the nearest discount/dollar store is more than 6 miles from this location, increasing consumer draw to the subject property
• The asset benefits from excellent visibility via significant street frontage and is equipped with a large pylon sign
• More than 24,500 residents and 11,000 employees support the 10-mile trade area
• $61,284 average household income withing 3-mile radius
• 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 46 states throughout the country