Discount
DG Market - Long Lease - No Competition
273 S Stevens St, Shinglehouse, PA 16748
Listing Price: $2,338,644
Cap Rate
6.20%
Tenant Name
Dollar General Market
Years Remaining On Lease
12.5
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$184.61
Lease Type
Absolute Net
Rent Per Square Feet
$11.45
Investment Overview
Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily
Investment Highlights
- Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily
- 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
- ?Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base
- ?Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $2,338,644
Cap Rate
6.20%
Tenant Name
Dollar General Market
Years Remaining On Lease
12.5
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$184.61
Lease Type
Absolute Net
Rent Per Square Feet
$11.45
Investment Highlights
- Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily
- 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
- ?Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base
- ?Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
Investment Overview
Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By