Brand New, Long-Term, Corporate Lease

 

Dollar General signed a long-term 15-year lease with attractive 10% rent increases in each option period. The lease features three (3), five (5) year option periods with 10% escalations for each option. Corporately guaranteed by Dollar General Corporation, an investment grade tenant holding a credit rating of “BBB”

 

Dollar General, a Top US Retailer

 

Dollar General Corporation is a US leader in retail with over 19,000 stores. DG is the country’s largest small-box retailer. “DG” plans to add another 1,053 stores in 2023. Publicly traded under the S&P 500 – DG has a $46 B market cap, with 170,000 employees. DG net sales increased 10.6% YOY to $37.8 in FY 2022. The recession-proof retailer opened 1,039 new stores in FY The Property is 2022.

 

Strategically Positioned for DG

 

Cresco is perfectly positioned for Dollar General to see success. The next closest DG location is 4.5 miles away in Tobyhanna and Mount Pocono, which is 4.6 miles away. This is ideal for DG as the Cresco location fills a void between the two stores and provides max. coverage for the area.

 

Unparalleled Access And Visibility

 

The Property has excellent visibility and benefits from tremendous road frontage, along with ample parking of 38 spaces. Furthermore, Dollar General features easy ingress/egress.

 

Mission Critical Retail Trade Area

 

This DG location is nestled within Cresco’s trade area. Cresco is located in the beautiful Pocono Mountains in Northeastern, PA. Tourists flock to this beautiful area to visit the mountains and enjoy great trout fishing. Additionally, a strong local economy exists. Shopping in Cresco takes place along PA-390, as this makes a perfect site for DG. Other surrounding retailers include Ace Hardware, CVS, Pourhouse Neighborhood Bar and Grill, and others.