Joe Montgomery
Senior Vice President, Principal
DIR: +1 404-574-1029 [email protected]
Contact
DIR: +
Dollar General - Monroeton, PA
Location:
955 Pennsylvania Avenue
Monroeton, PA 18832
Square Footage:
9,100± SF
Site Acreage:
1.43± AC
Year Built:
2015
Price:
$1,738,462
PROPERTY OVERVIEW
Corporate Guaranty: Dollar General Corp. (NYSE: DG; Market Cap: $20.24B) has over 13,000 stores in 43 states, making it the largest small box discount retailer in the United States.
Investment Grade Tenant: Dollar General Corp. has a Standard & Poor’s BBB- credit rating.
Long-Term Absolute NNN Lease: 15 year lease that commenced in June, 2016.
Rent Increases: 10% rent increases in each of the three 5-year renewal options.
Excellent Access and Visibility: The property is located with excellent access and visibility along Pennsylvania Avenue.
Ideal Location for Dollar General: The property is on the immediate vicinity of 3,000+ households, Bradford County Airport and a school.
Ideal Demographics: the 5-mile average household income is $63,000 in a 5-mile radius.
Located in a Strong Commercial Corridor: There is more than 600K SF of retail within 5-miles of the property. Retailers in the area include: JCPenney, Kmart, Rite Aid and many others.
