|Price/Rent PSF||$ 1,421,000.00|
|SQ. FT. Available||9,166|
Property is strategically positioned at the intersection of Barnesville Drive (Route 54) and Tuscarora Mountain Dr with ADTs of 5,010 and 1,306, respectively. Barnesville is community in Ryan Township, Schuylkill County, Pennsylvania, United States. Schuylkill County is located in northeastern Pennsylvania's Coal Region, just north of the Lehigh Valley and Reading metropolitan areas. Population of 23,856 with a median household income of $80,725 within 5 miles.
KW Commercial is offering the sale of this 9,166 square foot brand-new construction Dollar General in Barnesville, Pennsylvania. This single tenant net leased investment offers a new 15-year initial term with an anticipated rent commencement date of August 11, 2019. Rental rate increase of 10% at each renewal option (two 5-year and one 4-year, 11 month). The NNN lease is corporately guaranteed by Dollar General Company (NYSE: DG), which holds a credit rating of “BBB” by Standard & Poor’s.
Dollar General Company (NYSE: DG) is the largest small box discount retailer in the United States offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. In addition to high-quality, private brands, Dollar General sells products from America's most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo.
Headquartered in Goodlettsville, TN, the company was established in 1939. Dollar General has more retail locations than any retailer in America and is the only dollar store with investment grade credit (Rated BBB by Standard & Poor’s). It operates 14,761 stores in 44 states as of May 4, 2018. Net sales increased 9.0% to $6.1 billion and same-store sales increased 2.1% in Q1 2018 compared to Q1 2017. Cash flows from operations increased 7.5% to $549 million within the same timeframe.