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Dollar General

511 Rte 422 E, Butler, PA 16002

Listing Price: $1,779,458

Cap Rate
5.90%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$195.54
Lease Type
Absolute Net
Rent Per Square Feet
$11.54

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 511 US-422 in Butler, Pennsylvania. This investment opportunity is being offered at $1,779,458 which represents a 5.90 percent capitalization rate. The subject property sits on a 1.36-acre, 4 way corner lot parcel and consists of 9,100 rentable square feet. Built-to-suit in 2016, Dollar General is subject to an original 15 year absolute net lease agreement which currently runs through August 31, 2031. The tenant has three-five year renewal options, each containing a 10 percent increase in rent. Dollar General is responsible for taxes, insurance, repairs and maintenance, which make this a truly passive income stream for any investor. This property benefits from over 42,800 residents living within a five mile radius and approximately 17,000 vehicles passing the store daily along Ben Franklin Highway. The surrounding population is projected to increase by 2.45 percent through 2026. Notable national tenants in the local area include Target, Walgreens, Lowe's, Home Depot, Dairy Queen, Sheetz, Dunkin', Arby's, Save a lot, the YMCA, and Rite Aid. Butler, Pennsylvania is located in Butler County and sits 33 miles north of downtown Pittsburgh, Pennsylvania and 130 miles southeast of Cleveland, Ohio. Butler is part of the Greater Pittsburgh region and is the county seat.

Investment Highlights

  • Absolute Net Lease With 9.5 Years Remaining
  • Passive Income Stream With No Landlord Responsibilities
  • Three, Five-Year Options Remaining With 10% Rental Increases

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Discount

Dollar General

Listing Price: $1,779,458

Cap Rate
5.90%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$195.54
Lease Type
Absolute Net
Rent Per Square Feet
$11.54

Investment Highlights

  • Absolute Net Lease With 9.5 Years Remaining
  • Passive Income Stream With No Landlord Responsibilities
  • Three, Five-Year Options Remaining With 10% Rental Increases

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 511 US-422 in Butler, Pennsylvania. This investment opportunity is being offered at $1,779,458 which represents a 5.90 percent capitalization rate. The subject property sits on a 1.36-acre, 4 way corner lot parcel and consists of 9,100 rentable square feet. Built-to-suit in 2016, Dollar General is subject to an original 15 year absolute net lease agreement which currently runs through August 31, 2031. The tenant has three-five year renewal options, each containing a 10 percent increase in rent. Dollar General is responsible for taxes, insurance, repairs and maintenance, which make this a truly passive income stream for any investor. This property benefits from over 42,800 residents living within a five mile radius and approximately 17,000 vehicles passing the store daily along Ben Franklin Highway. The surrounding population is projected to increase by 2.45 percent through 2026. Notable national tenants in the local area include Target, Walgreens, Lowe's, Home Depot, Dairy Queen, Sheetz, Dunkin', Arby's, Save a lot, the YMCA, and Rite Aid. Butler, Pennsylvania is located in Butler County and sits 33 miles north of downtown Pittsburgh, Pennsylvania and 130 miles southeast of Cleveland, Ohio. Butler is part of the Greater Pittsburgh region and is the county seat.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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