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Department Store

Dollar General - New 15-Year Lease

420 Springfield Ave, Newark, NJ 07103

Listing Price: $3,884,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
7,480
Lease Type
Double Net
Rent Per Square Feet
$24.67

Investment Overview

Marcus & Millichap is pleased to present a new 15-year freestanding NN Dollar General located at 420 Springfield Avenue, Newark, New Jersey.

Investment Highlights

  • Located Along Highly Trafficked Springfield Avenue with Average Daily Traffic Counts Exceeding 19,000 Cars/Day.
  • 15 Parking Spaces.
  • Dense Urban Infill Location Surrounded by Multi-Family Housing and Single-Family Homes.

Exclusively Listed By

Department Store

Dollar General - New 15-Year Lease

Listing Price: $3,884,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
7,480
Lease Type
Double Net
Rent Per Square Feet
$24.67

Investment Highlights

  • Located Along Highly Trafficked Springfield Avenue with Average Daily Traffic Counts Exceeding 19,000 Cars/Day.
  • 15 Parking Spaces.
  • Dense Urban Infill Location Surrounded by Multi-Family Housing and Single-Family Homes.

Investment Overview

Marcus & Millichap is pleased to present a new 15-year freestanding NN Dollar General located at 420 Springfield Avenue, Newark, New Jersey.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower