Dollar General
$2,148,148
105 Old York Road, New Cumberland, PA 17070
6.75
Cap Rate
144,999
NOI
Details:
Highlights:
- New 10-year lease with Dollar General
- Relocation store in the immediate market
- Minimal Landlord responsibilities
- Ideal demographics for use
Description:
Equity Retail Brokers, Inc. is pleased to present the opportunity to acquire a recently leased Dollar General property (S&P: BBB) in New Cumberland, PA. This location serves as a relocation site for Dollar General, enhancing their presence within the immediate market. The lease, commencing in 2025, includes a 10-year base term with a 5% rental increase during the base term and 10% increases in the option periods. The lease is corporately guaranteed by Dollar General, an investment-grade tenant rated BBB by S&P.
The 11,044-square-foot building is situated on a 1.77-acre parcel in the Harrisburg, PA MSA. The property benefits from a strong demographic profile, with a population exceeding 64,000 and an average household income of $87,818 within a three-mile radius. Located just five miles from downtown Harrisburg and 10 miles from Harrisburg International Airport, the site offers exceptional connectivity.
Strategically positioned on Old York Road, the property experiences traffic counts of approximately 11,990 vehicles per day, ensuring high visibility and accessibility. Surrounding national and regional retailers include Giant, Grocery Outlet, Dollar Tree, Fine Wine & Good Spirits, Member’s 1st Credit Union, and more, reinforcing the area’s retail draw.
Documents:
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| Offering Memorandum |
Location
Gallery
