Dollar General - Stillwater, PA
3419 PA SR 487 | Stillwater, PA 17878
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 two (2), five (5) year option periods followed by a four (4) year eleven (11) month option with 10% escalations each period. 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
Stillwater is perfectly positioned for Dollar General to see success. The next closest DG location is 4.45 miles to the north (Benton) and 5.77 miles to the south (Orangeville). This is ideal for the Stillwater location as it fills a void between the two stores and now provides perfect coverage for the area. The subject property will serve potential customers in multiple surrounding markets such as Bendertown, Jonestown, and Rohrsburg.
Unparalleled Access And Visibility
The Property has excellent visibility and benefits from tremendous road frontage, along with ample parking of 35 spaces. Furthermore, Dollar General features easy ingress/egress. The asset also benefits from the highest traffic counts within the market.
Strong Market Fundamentals
This DG location serves a wide trade area in Columbia County, PA. Columbia County is a beautiful, mainly agricultural county, with dairy farming being a significant contributor to the local economy. The mountainous region includes a unique and high quality of life for its residents. The largest employer in the county is Bloomsburg University, which is home to 8,000 undergraduate and graduate students, along with 600 full-time faculty and staff members