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Dollar General

141 S Spring St, Bellefonte, PA 16823

Listing Price: $728,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.1
Gross SF
10,051
Guarantor
Corporate Guarantee
Rentable SF
10,051
Price/Gross SF
$72.43
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.71

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Bellefonte, Pennsylvania. Dollar General is perfectly positioned along Spring Street in the heart of Bellefonte, PA. There are six, five-year renewal options, each of which having a 10% rent increases providing a hedge against future inflation. The tenant reimburses for all NNN expenses leaving only roof and structure responsibilities for an incoming investor. Per Placer.AI, this location ranks in the top 15% of Dollar Generals in the company nationally. The tenant has a long renewal history and has been operating at the property since 1999 demonstrating consistent success and commitment to the site. The property is further bolstered by over 25,000 people living within five-miles. Nearby traffic drivers include CVS, Burger King, Pizza Hut, Domino’s, NAPA Auto Parts, and the local middle and high school. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they plan to open 1,050 stores in 2021. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Investment Highlights

  • Recent Lease Extension Demonstrating Success at Location ¦ 22-year Operating History ¦ Over 9.5 Years of Lease Term Remaining
  • Modified NNN Lease ¦ Minimal Landlord Responsibilities
  • Larger Square Footage Format (10,051sf)¦ 25,000+ People within 5 Miles ¦ Ranked in top 15% of Dollar Generals Nationally (Per Placer.AI)
  • Investment Grade Credit, Rated 'BBB' by S&P
  • Dollar General has 31 Years of Same Store Sales Growth ¦ Opened Over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
  • 10% Increases in Each of the Six, Five-Year Options ¦ Excellent Hedge Against Inflation

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Discount

Dollar General

Listing Price: $728,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.1
Gross SF
10,051
Guarantor
Corporate Guarantee
Rentable SF
10,051
Price/Gross SF
$72.43
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.71

Investment Highlights

  • Recent Lease Extension Demonstrating Success at Location ¦ 22-year Operating History ¦ Over 9.5 Years of Lease Term Remaining
  • Modified NNN Lease ¦ Minimal Landlord Responsibilities
  • Larger Square Footage Format (10,051sf)¦ 25,000+ People within 5 Miles ¦ Ranked in top 15% of Dollar Generals Nationally (Per Placer.AI)
  • Investment Grade Credit, Rated 'BBB' by S&P
  • Dollar General has 31 Years of Same Store Sales Growth ¦ Opened Over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
  • 10% Increases in Each of the Six, Five-Year Options ¦ Excellent Hedge Against Inflation

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Bellefonte, Pennsylvania. Dollar General is perfectly positioned along Spring Street in the heart of Bellefonte, PA. There are six, five-year renewal options, each of which having a 10% rent increases providing a hedge against future inflation. The tenant reimburses for all NNN expenses leaving only roof and structure responsibilities for an incoming investor. Per Placer.AI, this location ranks in the top 15% of Dollar Generals in the company nationally. The tenant has a long renewal history and has been operating at the property since 1999 demonstrating consistent success and commitment to the site. The property is further bolstered by over 25,000 people living within five-miles. Nearby traffic drivers include CVS, Burger King, Pizza Hut, Domino’s, NAPA Auto Parts, and the local middle and high school. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they plan to open 1,050 stores in 2021. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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