Discount
Dollar General | S&P Rated BBB | 2023 Upgraded Former CVS
4411 Castor Ave, Philadelphia, PA 19124
Listing Price: $2,500,000
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.
Investment Highlights
- Brand New Location in Former CVS Building
- NNN Lease with 10 Years Remaining
- 3 x (5) Year Options with 10% Increases
- Investment Grade Credit | Corporate Dollar General Guaranty (S&P Rated BBB)
- Upgraded Construction | Built in 2001 & Updated 2023
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Discount
Dollar General | S&P Rated BBB | 2023 Upgraded Former CVS
Listing Price: $2,500,000
Investment Highlights
- Brand New Location in Former CVS Building
- NNN Lease with 10 Years Remaining
- 3 x (5) Year Options with 10% Increases
- Investment Grade Credit | Corporate Dollar General Guaranty (S&P Rated BBB)
- Upgraded Construction | Built in 2001 & Updated 2023
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.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager

