Trenton, NJ - Dollar General
1420 Chambers St, Trenton, NJ
$2,197,000
Price
6.35%
Cap Rate
$139,500
NOI
Overview
Description
• Dollar General recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to this location
• 2023 construction with high quality materials, distinct design elements, and high-level finishes
• 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 19,720 locations in 47 states as of November 2023
• Dollar General is ideally fronting Chambers Street averaging 12,200 VPD
• 2 miles from Downtown Trenton and 34 miles from Downtown Philadelphia
• 1.2 miles off I-295, allowing for users to benefit from direct on/off ramp access to the site and nearby trade areas
• Less than 1.5 miles from Independence Plaza, an Ollie’s anchored neighborhood center that ranks in the top 81% of all neighborhood centers nationally (1.6M+ visits a year)
Listing ID: a28TP0000008Y4XYAU