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Dollar General | Brand New 15 Yr Abs. Net Lease

PA-53, Ashville, PA 16613

Listing Price: $1,750,000

Cap Rate
5.78%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.11

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in the brand new built-to-suit Dollar General located along PA-53 in Ashville, Pennsylvania. The subject property is a 9,100-square foot freestanding store set to be completed in December 2021. Dollar General will have a fresh 15-year Absolute NNN lease commencing upon delivery with two, five-year renewal options along with one, four-year and 11-month option. There is 10 Percent rental increases at the beginning of each option. The lease is corporately guaranteed by Dollar General. There are no landlord responsibilities. The subject property is located in Ashville, a borough of Cambria County which is located within the Johnstown MSA. Dollar General is positioned near the intersection of PA-53 and PA-36 just 15 minutes from Altoona the 11th largest city in Pennsylvania and a major retail and travel hub in central Pennsylvania. Ashville is located roughly 45 minutes from downtown Johnstown and under two hours from downtown Pittsburgh.

Investment Highlights

  • Brand New 2021 Prototype "D" Construction, Scheduled to Open in December 2021
  • Limited Competition | Nearest Dollar Store is Roughly 15 Minutes in Either Direction
  • New 15-Year Absolute Net Lease Set to Commence Upon Delivery with Zero Landlord Responsibilities
  • Two, Five-Year Renewal Options and One, Four-Year and 11-Month Option
  • Situated Along PA-53 and PA-36 Which Connect Ashville Surrounding Communities
  • Just 15 Minutes from Downtown Altoona, PA, the 11th Largest City in Pennsylvania
  • Located Roughly 45 Minutes from Downtown Johnstown and Under Two Hours from Downtown Pittsburgh

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Discount

Dollar General | Brand New 15 Yr Abs. Net Lease

Listing Price: $1,750,000

Cap Rate
5.78%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.11

Investment Highlights

  • Brand New 2021 Prototype "D" Construction, Scheduled to Open in December 2021
  • Limited Competition | Nearest Dollar Store is Roughly 15 Minutes in Either Direction
  • New 15-Year Absolute Net Lease Set to Commence Upon Delivery with Zero Landlord Responsibilities
  • Two, Five-Year Renewal Options and One, Four-Year and 11-Month Option
  • Situated Along PA-53 and PA-36 Which Connect Ashville Surrounding Communities
  • Just 15 Minutes from Downtown Altoona, PA, the 11th Largest City in Pennsylvania
  • Located Roughly 45 Minutes from Downtown Johnstown and Under Two Hours from Downtown Pittsburgh

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in the brand new built-to-suit Dollar General located along PA-53 in Ashville, Pennsylvania. The subject property is a 9,100-square foot freestanding store set to be completed in December 2021. Dollar General will have a fresh 15-year Absolute NNN lease commencing upon delivery with two, five-year renewal options along with one, four-year and 11-month option. There is 10 Percent rental increases at the beginning of each option. The lease is corporately guaranteed by Dollar General. There are no landlord responsibilities. The subject property is located in Ashville, a borough of Cambria County which is located within the Johnstown MSA. Dollar General is positioned near the intersection of PA-53 and PA-36 just 15 minutes from Altoona the 11th largest city in Pennsylvania and a major retail and travel hub in central Pennsylvania. Ashville is located roughly 45 minutes from downtown Johnstown and under two hours from downtown Pittsburgh.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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