Lilly, PA - Dollar General

Description:

• 15-year lease with 2 (5-year) & 1 (4-year 11-months) option to extend, demonstrating their long-term commitment to the site
• Corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,700 locations in 47 states as of March 2023
• 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

• Brand new construction which features high-level finishes and distinct design elements
• Subject property is positioned along Evergreen Street averaging 5,200 VPD
• Virtually no competition as this is the only discount store serving the immediate trade area
• More than 42,000 residents and 18,000 employees support the 10-mile trade area
• $83,555 average household income