Ashland, PA - Dollar General

Description:

• Dollar General has approximately 5 years remaining on their current lease with 2 (5-year) options to extend
• There are 2.5% rental increases at the beginning of each option to extend, generating NOI and providing a hedge against inflation
• 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 20,000 locations in 47 states as of February 2024
• Tenant pays for CAM, taxes, and maintains most aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• Landlord responsibilities limited to replacement of paved areas, roof, foundation, floor, pipes, and structure
• Ideal, low-management investment for a passive investor

• Dollar General is strategically fronting East Railroad Street
• The asset has excellent visibility via street frontage providing ease and convenience for customers
• More than 18,000 residents and 5,700 employees support the trade area
• $75,552 average household income within a 3-mile radius
• 60 miles from Harrisburg, 62 miles from Allentown, 111 miles from Philadelphia, and 148 miles from New York