Josephine, PA - Dollar General

Description:

• 15-year lease with 2 (5-Year) & 1 (4-Years 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
• 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

• Brand new construction which features high-level finishes and distinct design elements
• Limited competition with the nearest discount store more than 5 miles away
• Subject property is positioned at the corner of Old Indiana Road and Pittsburgh-Buffalo Highway (14,800 VPD)
• More than 52,000 residents and 28,000 employees support the 10-mile area
• $64,568 average household income within 5-mile radius
• Approximately 48 miles East of Pittsburgh, PA