Dollar General

• List price of $1,038,400 yielding an attractive 8.75% cap rate.
• There are over 5 years remaining on the lease with two, 5-year options and 10% rental increases in each option period.
• The tenant recently exercised an option to extend the lease for 5 years, showing their commitment and success at this location.
• NN+ lease with minimal landlord responsibilities. Routine parking lot expenses are passed through to the tenant via an estimated $300/month maintenance payment, reconciled annually.
• Strong corporate guaranty from Dollar General Corporation, a Fortune 500 tenant, boasting a BBB credit rating (S&P) and a $28 billion market cap.
• 2010 built-to-suit construction for Dollar General including a 9,014 square foot building and concrete parking lot including 30 parking spaces.
• The site sits on Route 35 N which sees ±11,302 vehicles per day. The site benefits from a dedicated turn lane and has a signalized intersection.
• Route 35 is Juniata County’s principal southwest–northeast arterial and forms the main street of Mifflintown. It connects the county to Selinsgrove and the US 11/15 corridor to the northeast.
• The site has convenient access to the US 22/322 four-lane expressway, which meets Route 35 at a diamond interchange just east of town. US 22/322 is the region’s primary commuter and freight corridor.
• There are over 26,000 residents living within a 10-mile radius with an average household income exceeding $73,000.