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Dollar General 16074 Route 287 10,640 SF Retail Building Tioga, PA 16946 $2,216,818 CAD ($208.35 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 15-year Absolute NNN lease with three, 5-year renewal options, making this an ideal investment for the passive investor
- Just 8 miles from the New York-Pennsylvania border. This Dollar General is just 2 miles from on/offramps to U.S. Highway 15 (9,442 VPD)
- Ideally situated with signage and excellent frontage on PA-287 (3,085 VPD), the primary traffic route into and through Tioga.
- Corporately guaranteed by Dollar General, an investment grade credit tenant (S&P: BBB) with nearly 20,000 locations and 2023 revenue of $37.88B
- 10% rent increases in each of three options to renew
- The Dollar General Plus prototypes have outperformed the chain’s comp sales and have seen considerably higher sales volume than traditional stores
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 10,640 square foot Dollar General Plus property located in Tioga, Tioga County. Pennsylvania. This Dollar General is operating on a brand new 15-year Absolute NNN lease with three, 5-year renewal options, making this an ideal investment for the passive investor. The lease features 10% rent increases in each of three options to renew and is corporately guaranteed by Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s with nearly 20,000 locations and 2023 revenue of $37.88B.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
C
Year Built
2023
Price
$2,216,818 CAD
Price Per SF
$208.35 CAD
Cap Rate
7%
NOI
$155,177 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.36 AC
PROPERTY TAXES
| Parcel Number | 34-03.00-067 | Improvements Assessment | $0 CAD |
| Land Assessment | $88,548 CAD | Total Assessment | $88,548 CAD |
PROPERTY TAXES
Parcel Number
34-03.00-067
Land Assessment
$88,548 CAD
Improvements Assessment
$0 CAD
Total Assessment
$88,548 CAD
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Dollar General | 16074 Route 287
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