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Dollar General

820 Baltimore St, Hanover, PA 17331

Listing Price: $1,615,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,645
Lease Type
Double Net
Rent Per Square Feet
$9.86

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 820 Baltimore Street (The Property), a 10,645-square-foot building in which Dollar General has just executed a long-term double net lease. The company has been in occupancy at this location on a sublease from the previous tenant, Rite Aid, since 2003. The Property sits on a large 1.32-acre lot and is strategically located on the main retail corridor in the Hanover borough of York County. This corridor on Baltimore Street is directly across from the 150,284-square-feet South Hanover Shopping Center, with many retail tenants including Burger King, Advance Auto Parts, GIANT Food Stores, Blue Koi, Planet Fitness, AutoZone Auto Parts, and multiple others. This offering presents the opportunity to acquire a double net lease with one of the largest national retail discount tenants located on a prominent retail corridor. The Property boasts minimal landlord responsibility and is located in an ideal market for Dollar General’s store expansion.

Investment Highlights

  • Double Net Lease Dollar General – 1.32 Acre Lot
  • 10 Years of Firm Term with Rare 6% Increase in Year Six and 10% Increases in Each Renewal Option
  • Prominent Retail Corridor Featuring Big-Name Tenants Including Planet Fitness, Burger King, Advance Auto Parts, AutoZone Auto Parts, and many others
  • Dollar General Has Been Open and Operating at This Location Since 2003, and Has Recently Executed a Long Term Lease Renewal

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $1,615,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,645
Lease Type
Double Net
Rent Per Square Feet
$9.86

Investment Highlights

  • Double Net Lease Dollar General – 1.32 Acre Lot
  • 10 Years of Firm Term with Rare 6% Increase in Year Six and 10% Increases in Each Renewal Option
  • Prominent Retail Corridor Featuring Big-Name Tenants Including Planet Fitness, Burger King, Advance Auto Parts, AutoZone Auto Parts, and many others
  • Dollar General Has Been Open and Operating at This Location Since 2003, and Has Recently Executed a Long Term Lease Renewal

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 820 Baltimore Street (The Property), a 10,645-square-foot building in which Dollar General has just executed a long-term double net lease. The company has been in occupancy at this location on a sublease from the previous tenant, Rite Aid, since 2003. The Property sits on a large 1.32-acre lot and is strategically located on the main retail corridor in the Hanover borough of York County. This corridor on Baltimore Street is directly across from the 150,284-square-feet South Hanover Shopping Center, with many retail tenants including Burger King, Advance Auto Parts, GIANT Food Stores, Blue Koi, Planet Fitness, AutoZone Auto Parts, and multiple others. This offering presents the opportunity to acquire a double net lease with one of the largest national retail discount tenants located on a prominent retail corridor. The Property boasts minimal landlord responsibility and is located in an ideal market for Dollar General’s store expansion.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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