Investment Overview

The subject property is a Dollar General retail store located in Philadelphia, Pennsylvania. The 10,125 square foot facility was originally built to suit for CVS in 2001 and subsequently updated and fit out for Dollar General in 2023. Dollar General has signed a 10 year lease which expires in 2033 and has the full 10 years of primary term remaining. The space was recently turned over to the tenant after the completion of landlord work which included repairs and restriping of the parking area and replacement of the flat portions of the roof system. The lease also includes three five-year extension options that incorporate 10% increases at each option with a 180 day notice period. The lease is NNN and the tenant is responsible for payment or reimbursement of all operating expenses.