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786 Main St, Duke Center, PA, 16729

DOLLAR GENERAL
$1,462,284

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Highlights

INVESTMENT HIGHLIGHTS

  • ±15 year lease with over ±14.00 years remaining on the primary term. The lease contains two, 5-year and one, 4-Year + 11-month options to extend with 10% rental increases at the start of each option.
  • Brand new 2024 built-to-suit construction for Dollar General, up to tenants current development requirements.
  • Absolute NNN lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow.
  • Limited competition in the nearby trade area as the closest Dollar Tree and Walmart are both located over ±7.50 miles away.
  • Strong corporate guaranty from Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $17 billion market cap.
  • Strategically located on the main retail corridor in town with excellent visibility and over 130 feet of frontage on Main Street.

Location

Agents

Broker of Record

Kyle Matthews

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

Key Information

Cap Rate
7.75%
$ per SF
$137
Year Built
2024
Term Remaining
±14 YRS
Type
Retail
NOI
$113,327
Leasable Area
10,640