Joe Montgomery
Senior Vice President, Principal
DIR: +1 404-574-1029 [email protected]
Contact
DIR: +
Dollar General - Lehighton, PA
Location:
481 North First Street
Lehighton, PA 18235
Square Footage:
9,100± SF
Site Acreage:
1.10± AC
Year Built:
2014
Price:
$1,830,770
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 February, 2014.
Rent Increases: 3% rent increase in year 11 and 10% rent increases in each of the four 5-year renewal options.
Excellent Access and Visibility: The property is located with excellent access and visibility along North First Street (12,000 + VPD).
Ideal Location for Dollar General: The property is on the immediate vicinity of 9,000 households, 3 schools and a hospital.
Ideal Demographics: 5-mile population of 22,000 and average household income of $57,000.
Located in a Strong Commercial Corridor: There is more than 1.5M SF of retail within 5 miles of the property. Retailers in the area include: Walmart, Lowe’s, Aldi and many others.
