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3271 PA-118, Dallas, PA, 18612

DOLLAR GENERAL
$2,002,395

Key Information

Cap Rate
6.6%
Tot. SF
10,640
Year Built
2024
Term Remaining
±13.60 YRS
Type
Retail

Highlights

Lease & Location:

  • 2024 build-to-suit construction for Dollar General
  • 15-Year absolute NNN lease (commencement of February 2024)
  • 5% rental increases every 5-years for the life of the lease
  • Larger Dollar General PLUS prototype (10,640 SF building)
  • Zero landlord management responsibilities
  • Dallas is located within the Scranton – Wilkes-Barre MSA (population of 574,009 residents)
  • Average household income of $117,573
  • The property serves a broad trade area with a population of over 173,682 residents within a ±10-mile radius

Tenant:

  • Dollar General has an investment grade credit rating of BBB (S&P)
  • 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 ±21,000 locations and plans to continue their expansion for the foreseeable future

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203