Seward, PA - Dollar General

Description:

• Relocation and expansion of the existing store in Seward
• DG Plus format, similar to the usual Dollar General store but with more floor space and expanded cooler doors and freezer space
• 15-year lease with 2 (5-year) & 1 (4-year 11-months) option 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 in 47 states as of July 29, 2022
• 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
• 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

• Subject property is positioned along State Highway 56 & 711 (5,500 VPD)
• The asset benefits from excellent visibility via significant street frontage
• More than 5,700 residents and 1,300 employees support the 5-mile area
• $65,283 average household income withing 3-mile radius
• Approximately 56 miles East of Pittsburg, PA