Discount
Dollar General
5 State Rte 1006, Tunkhannock, PA 18657
Listing Price: $1,378,828
Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.4
Gross SF
7,545
Guarantor
Corporate Guarantee
Rentable SF
7,545
Price/Gross SF
$182.75
Lease Type
Absolute Net
Rent Per Square Feet
$13.25
Investment Overview
Marcus & Millichap is pleased to exclusively offer a single-tenant, absolute NNN Dollar General in Tunkhannock, Pennsylvania – backed by the corporate guarantee of Dollar General Corporation.
Dollar General
Investment Highlights
- The lease is guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade credit with ?scal 2025 net sales of $42.7 billion across nearly 21,000 corporately operated stores.
- Roof, structure, insurance and all operating expenses are the tenant's responsibility. Real estate taxes are paid by ownership and fully reimbursed by Dollar General.
- The 2018 build-to-suit lease runs through February 28, 2034, followed by three ?ve-year options, each carrying a 10% rental increase – from $99,965 today to $133,053 in the ?nal option period.
- Dollar General has noti?ed ownership of a tenant-funded remodel scheduled within the next two months – capital the tenant invests only in locations it intends to keep. The store has operated at this site since February 2019.
- Positioned at State Route 29 and Aldovin Road, the primary north–south route linking Tunkhannock to northern Wyoming County. The store serves a ±22,240-person ten-mile trade area without a competing general-merchandise retailer nearby; 85% of its visitors also shop the Walmart Supercenter 6.7 miles south.
- ±10 miles from Procter & Gamble's Mehoopany plant, the largest family care manufacturing site in the world with 2,000+ employees. Ten-mile median household income of $75,800 – rising to $82,800 within ?ve miles – with a 76% owner-occupied housing base. Sub-$1.5 million price point targets the deepest pool of private and 1031-exchange net-lease buyers.
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $1,378,828
Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.4
Gross SF
7,545
Guarantor
Corporate Guarantee
Rentable SF
7,545
Price/Gross SF
$182.75
Lease Type
Absolute Net
Rent Per Square Feet
$13.25
Investment Highlights
- The lease is guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade credit with ?scal 2025 net sales of $42.7 billion across nearly 21,000 corporately operated stores.
- Roof, structure, insurance and all operating expenses are the tenant's responsibility. Real estate taxes are paid by ownership and fully reimbursed by Dollar General.
- The 2018 build-to-suit lease runs through February 28, 2034, followed by three ?ve-year options, each carrying a 10% rental increase – from $99,965 today to $133,053 in the ?nal option period.
- Dollar General has noti?ed ownership of a tenant-funded remodel scheduled within the next two months – capital the tenant invests only in locations it intends to keep. The store has operated at this site since February 2019.
- Positioned at State Route 29 and Aldovin Road, the primary north–south route linking Tunkhannock to northern Wyoming County. The store serves a ±22,240-person ten-mile trade area without a competing general-merchandise retailer nearby; 85% of its visitors also shop the Walmart Supercenter 6.7 miles south.
- ±10 miles from Procter & Gamble's Mehoopany plant, the largest family care manufacturing site in the world with 2,000+ employees. Ten-mile median household income of $75,800 – rising to $82,800 within ?ve miles – with a 76% owner-occupied housing base. Sub-$1.5 million price point targets the deepest pool of private and 1031-exchange net-lease buyers.
Investment Overview
Marcus & Millichap is pleased to exclusively offer a single-tenant, absolute NNN Dollar General in Tunkhannock, Pennsylvania – backed by the corporate guarantee of Dollar General Corporation.
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
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