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Dollar General 13+ Year NN Lease

324 Franklin St, Slippery Rock, PA 16057, USA
$1,923,076

Description

Marcus & Millichap is pleased to present this net leased Dollar General located at 324 Franklin Street in Slippery Rock, Pennsylvania.
The property consists of a 10,542-square foot stand-alone building, on a large one acre parcel of land. This Dollar General benefits from an household income exceeding $67,503 in the trade area and has exposure to over 9,148 vehicles per day. Located at less than half a mile from Slippery Rock University of Pennsylvania, with 8,824 students enrolled.
There are currently over 13 years remaining in the original 15-Year lease with 10 percent increases in each of the three five-year option periods.
Dollar General is a growing Fortune 500 company (#123), with over $23.5 billion in revenue and a net worth exceeding $6.13 Billion. Dollar General’s credit rating was recently upgraded to Investment Grade (BBB) by Standard & Poors, and it is publicly traded on the New York Stock Exchange under the ticker symbol, “DG”. Dollar General operates a chain of over 15,000 discount stores in about 44 states as of July 24, 2018, primarily in the Southern and Eastern US, the Midwest, and the Southwest. The company offers basic household supplies including cleaning supplies, health and beauty aids, food and apparel. Most of the merchandise which is carried in the Dollar General stores is priced between $1 and $35.

  • Large 10,542 Square Foot Building on a 1 Acre Site
  • $67,503 Average Household Income in Trade Area
  • Exposure to 9,148 Vehicles Daily
  • 13 Years Remaining on Original 15-Year Original Lease
  • 10% Increases in Each Option Period
  • 0.4 Mile from Slippery Rock University of Pennsylvania with 8,824 Students Enrolled
  • 15,000+ Dollar General Locations
  • Dollar General Generated more than $23.5 Billion in Revenue in 2018
  • Dollar General Net Worth of Over $6.13 Billion

Property Documents

  • Dollar-General-Slippery-Rock-PA-om-ib
  • City: Slippery Rock
  • State/county: Pennsylvania
  • Zip/Postal Code: 16057
  • Country: United States

Detail

  • Price: $1,923,076

Additional details

  • CAP Rate: 6.50%
  • NOI: $125,000

Features