Dollar General Market 711 Main St

Investment Highlights

Dollar General Market - Newly remodeled and converted Tenant extended for 5 years in 2019 demonstrating commitment to the site Only Dollar Store Within 5 Miles and only Dollar General Market within 60 miles Ideal building size for a DGM at 12,406 SF First Renewal Option has 13.3% rental increase, remaining two are at 10% each

Executive Summary

Transwestern National Net Lease | Sale Leaseback Group is pleased to present an absolute triple net leased Dollar General Market in Saxton, Pennsylvania. The store consists of 12,406 square feet and when constructed in 2012 it operated as a traditional Dollar General store. The store was previously located immediately next door in a smaller and much older building. In mid-2023, the store underwent a remodel to convert the store to their new grocery concept, Dollar General Market, and following the renovation, officially re-opened in October 2023.The completely new Dollar General Market store layout is more spacious providing an enhanced shopping experience, and also includes the addition of fresh meats, produce and wider variety of freezer and cooler items. In addition, the store?s health and beauty product line and even an expanded toy section have all been added to the new store. Saxton was an ideal store to convert due to its much larger footprint which the Market stores require. In addition, the store was a natural to convert based on the previous store sales andthe demographics of the area. Furthermore, Dollar General was anxious to add a Dollar General Market in this trade area as the closest Dollar General Market is nearly 60 miles away in Houtzdale, Pennsylvania. Saxton, Pennsylvania is situated 115 miles east of Pittsburgh and 93 miles west of Harrisburg.The Property?s five-mile population is approximately 4,700 with a county-wide population of48,000.In addition to its new Market concept, one of the benefits this Property offers an investor is the very rare large rental increase of 13.3% for the first renewal option with the customary 10% increase for the second and third renewal periods. It is worth noting that the lease was extended for an additional five years early indicating a strong commitment to the site. Also, due to the much larger footprint, the Property offers an investor a higher-than-average annual net operating income of $144,283 per year providing a 1031 investor a great opportunity to replace nearly $150,000 per year in income.Dollar General is a publicly traded company (NYSE: DG) and an investment grade tenant (S&P: BBB). Headquartered in Goodlettsville, Tennessee, Dollar General?s gross revenue of $38.7 billion with an operating profit of $2.4 billion. Dollar General operates more than 19,000 stores in 47 states with plans to open 800 more and remodel an additional 1,500 in 2024.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    12,480
• Building Class    C
• Year Built    2012
• Price    1,697,447
• Price Per SF    136
• Cap Rate    8.50
• NOI    144,283
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.20
• Land Acres    1.43 AC