Cap Rate
7.00%
Year Built
2013
Leasable Area
12,480 SF
Term Remaining
±8.90 Yrs
NOI
$144,216
Property Type
Retail
LEAD LISTING AGENT
Joe Nelson
Associate Vice President
Email
[email protected]
License No.
02012421 (CA)
Direct
+1 (424) 220-7244
Mobile
+1 (818) 497-8411
PROPERTY HIGHLIGHTS
- Absolute NNN Lease – No Landlord Responsibilities
- ±8.90 Years Remaining and Three, 5-Year Option Periods
- Dollar General recently extended their Base Lease Term for Five (5) Additional Years showing their strong commitment to this location!
- 10% Rent Increases in Each Option Period
- Average Household Income in a 5-Mile Radius is $84,965
- ±153,973 People within a 5-Mile Radius of the Property
- ±714,134 People within a 10-Mile Radius of the Property
- ±11-Mile Drive from Downtown Pittsburgh
- 12,480 SF Large Format Store to Serve the Dense Surrounding Population
TENANT HIGHLIGHTS
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future.
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
- Dollar General has a market cap of ±$30 billion
Broker of Record
- Kyle Matthews
- License No. RB068831 (PA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203