Discount
Dollar General
500 Roemer Blvd, Farrell, PA 16121
Listing Price: $1,946,000
Investment Overview
Marcus & Millichap is pleased to present the Dollar General located in Farrell, Pennsylvania. The brand-new, 2022 build-to-suit Dollar General is perfectly positioned on 1.21 acres in the heart of Farrell, PA. The larger square footage (10,542sf) concept will better allow Dollar General to meet the needs of its growing customer base. The property benefits from excellent visibility and a five mile population of over 53,000 people. The lease is a 15-year absolute NNN with the tenant anticipating opening in March of 2022 leaving no landlord responsibilities and the full 15 years of term remaining. There are three, five-year renewal options, each of which having a 10% rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,00 stores in 2021 with plans to open another 1,100 in 2022. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.
Dollar General
Investment Highlights
- Original Build-to-Suit 2022 Construction ¦Full 15 Years Remaining (Est. RCD in March 2022)
- Absolute NNN Lease ¦ Zero Landlord Responsibilities
- 53,000+ People within 5 Miles
- New Larger Square Footage Format (10,542sf)
- Investment Grade Credit, Rated 'BBB' by S&P
- Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
- 10% Increases in Each of the Three, Five-Year Options ¦ Excellent Hedge Against Inflation
Broker of Record
Listing Price: $1,946,000
Investment Highlights
- Original Build-to-Suit 2022 Construction ¦Full 15 Years Remaining (Est. RCD in March 2022)
- Absolute NNN Lease ¦ Zero Landlord Responsibilities
- 53,000+ People within 5 Miles
- New Larger Square Footage Format (10,542sf)
- Investment Grade Credit, Rated 'BBB' by S&P
- Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
- 10% Increases in Each of the Three, Five-Year Options ¦ Excellent Hedge Against Inflation
Investment Overview
Marcus & Millichap is pleased to present the Dollar General located in Farrell, Pennsylvania. The brand-new, 2022 build-to-suit Dollar General is perfectly positioned on 1.21 acres in the heart of Farrell, PA. The larger square footage (10,542sf) concept will better allow Dollar General to meet the needs of its growing customer base. The property benefits from excellent visibility and a five mile population of over 53,000 people. The lease is a 15-year absolute NNN with the tenant anticipating opening in March of 2022 leaving no landlord responsibilities and the full 15 years of term remaining. There are three, five-year renewal options, each of which having a 10% rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,00 stores in 2021 with plans to open another 1,100 in 2022. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.
Broker of Record
