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DG | Absolute NNN | 7+ Year Remaining | 2 Hours From Philadelphia & Baltimore

65 Baltimore St, Spring Grove, PA 17362

Listing Price: $1,372,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.31

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar general located in Spring Grove, Pennsylvania.

Investment Highlights

  • Absolute Net Dollar General with Over Seven Years Remaining | No Landlord Responsibilities
  • Three, Five Year Renewal Options with 10 Percent Rental Increases in Each Option
  • Corporate Guarantee | Dollar General is an Investment Grade Tenant (S&P Credit Rating: 'BBB')
  • Dollar General Expected to Remodel the Interior Starting 9/24/2023 | 100 Percent Funded by the Tenant, Designed to Enhance and Streamline the Shopping Experience with the Addition of Coolers and Self-Checkout Systems
  • Situated Along a Main Traffic Artery Seeing Over 2,000 Vehicles per Day
  • Limited Competition: Only Dollar Store Within 10 Minute Radius
  • Population Exceeds 125,900 Within 10-Miles | Projected to Increase by 2027
  • Spring Grove is Centrally Located within 2 Hours of Philadelphia, Baltimore and Harrisburg | 30 Minutes from Gettysburg, Pennsylvania, a Popular Historical Tourism Destination

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Discount

DG | Absolute NNN | 7+ Year Remaining | 2 Hours From Philadelphia & Baltimore

Listing Price: $1,372,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.31

Investment Highlights

  • Absolute Net Dollar General with Over Seven Years Remaining | No Landlord Responsibilities
  • Three, Five Year Renewal Options with 10 Percent Rental Increases in Each Option
  • Corporate Guarantee | Dollar General is an Investment Grade Tenant (S&P Credit Rating: 'BBB')
  • Dollar General Expected to Remodel the Interior Starting 9/24/2023 | 100 Percent Funded by the Tenant, Designed to Enhance and Streamline the Shopping Experience with the Addition of Coolers and Self-Checkout Systems
  • Situated Along a Main Traffic Artery Seeing Over 2,000 Vehicles per Day
  • Limited Competition: Only Dollar Store Within 10 Minute Radius
  • Population Exceeds 125,900 Within 10-Miles | Projected to Increase by 2027
  • Spring Grove is Centrally Located within 2 Hours of Philadelphia, Baltimore and Harrisburg | 30 Minutes from Gettysburg, Pennsylvania, a Popular Historical Tourism Destination

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar general located in Spring Grove, Pennsylvania.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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