Jennerstown, PA - Dollar General

Description:

• Dollar General has approximately 4 years remaining on their current lease with 2 (5-year) options to extend
• There are 8% rental increases at the beginning of each option to extend, generating NOI and providing a hedge against inflation
• 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 20,000 locations in 47 states as of February 2024
• Tenant pays for CAM, taxes, and maintains most aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• Landlord responsibilities limited to replacement of paved areas, roof, foundation, floor, pipes, and structure
• Ideal, low-management 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 2023, expanding its presence to 47 states throughout the country
• More than 6,000 residents and 1,700 employees support the trade area
• $77,945 average household income within a 1-mile radius
• 61 miles from Pittsburgh

• Dollar General is strategically fronting West Pitt Street averaging 4,700 VPD
• The asset has excellent visibility via street frontage providing ease and convenience for customers
• More than 6,000 residents and 1,700 employees support the trade area
• $77,945 average household income within a 1-mile radius
• 61 miles from Pittsburgh