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Greeley Dollar General

Listing was updated on: 12/10/2019
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Property Overview

Price/Rent PSF $ 1,402,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 9,242
Date Available 12/10/2019
Additional URL Link
Parking 30
Floors 1
Additional parameters Show
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Description

Location
Property is strategically positioned at the intersection of Well Road (Route 434) and Route 6 with ADTs of 1,987 and 3,587, respectively. Greeley is a town in Blooming Grove Township, Pike County, Pennsylvania, approximately halfway between Milford and Hawley. Greeley is a rural, heavily wooded section of Pike County and has established summer camp grounds and state game lands. Camp Shohola, Pine Forest Camp, Lake Greeley Camp, Camp Timber Tops, and Lake Owego Camp are popular summer camps for children and teens throughout the tri-state area. Although Greeley remains a mostly rural, mountainous location, it attracts second home owners drawn to its scenic beauty and quiet lifestyle.

Sale
KW Commercial is offering the sale of this 9,242 square foot brand-new construction Dollar General in Greeley, Pennsylvania. This single tenant net leased investment offers a new 15-year initial term with an anticipated rent commencement date of July 12, 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.

Location

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