Dollar General Jonestown, PA For Sale

NNN Leased Investment 

NNN Leased Dollar General in PA For Sale

                                               
                                               507 Jonestown Road | Jonestown, PA [map] 

                                                     Dollar General | Jonestown, PA

                              Asking Price $1,320,500 | CAP Rate 7.25%

                

Lease Summary

NOI     $95,739

Rent/Month     $7,978

Rent/SF           $10.60

Rentable SF    9,026

Land Area       1.46 acres

Tenant Dollar General

Website                                dollargeneral.com

Moody's Credit Rating          Ba1, Positive

S&P Credit Rating                BBB-, Positive

Ownership Type                   Fee Simple

Lease Type                          NNN ( BTS)

Year Built                             2012

Lease Term                          15 years Primary

Lease Commencement          Summer 2012 (under construction

Lease Expiration                   Summer 2027

Increases                              3% in Year 11 and 10%

w/ each option extension

Options                                Three (3), five (5) year

Highlights

Investment Grade Tenant

April 2012, S&P raised Dollar General's credit ratings to BBB-

April 2012, Moody's raised Dollar General's credit ratings to Ba1 with a positive outlook

Strategic location in Lebanon County, PA with supporting demographics and target market characteristics

Adjacent to major manufacturing plant for Supreme Mid-Atlantic Corporation, America's leading manufacturer of full-line customizable truck bodies

                                                        

Location Overview

About Dollar General

Goodlettsville, Tenn.-based Dollar General Corporation is the nation's largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America's most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills and Nabisco.

Contact a Broker

ANDREW FALLON

Assistant Vice President

(703) 787-4714

afallon@calkain.com

You may visit our website

www.calkain.com

to view the entire inventory of  available properties.

CALKAIN REALTY ADVISORS  a division of Calkain Companies

WASHINGTON DC | FLORIDA | MARYLAND | BOSTON

The information herein is provided to us by sources deemed reliable, but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omissions, prior sale, change of price and/or terms or withdrawal from the market without notice. This information is for guidance.