Hopewell, 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
• 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
• 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 2022, expanding its presence to 47 states throughout the country

• Virtually no competition, the nearest discount store is 15 miles away
• Dollar General has excellent visibility via street sign frontage, increasing consumer draw to the site
• Brand new construction which features high-level finishes and distinct design elements
• Subject property is positioned along Raystown Road (2,000 VPD)
• Asset is located near Tussey Mountain Junior/Senior High School
(550-students)
• More than 14,600 residents support the 10-mile trade area
• $70,161 average household income
• Approximately 130 miles Southeast of Pittsburgh, PA