Dollar General - Vineland, NJ
9,100 SF | Retail Building | Vineland, NJ 08360 | $2,117,332 ($233/SF) | 6.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,117,332
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $233
Listing Contacts
John Wertz
Verified Profile
- Property Info
Property Overview
The subject property is a newly constructed freestanding site for Dollar General located in Vineland, NJ (Outside Philadelphia). The 15-year absolute NNN lease commenced April 28, 2022 and includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on the corner of Northwest Blvd and Weymouth Rd, major thoroughfares through Vineland with traffic counts exceeding 12,500 vehicles per day. The 5-mile population is over 56,000 people with an average household income of over $88,000. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Vineland, NJ. The site is only 33 miles to downtown Philadelphia, PA, 36 miles to Atlantic City, NJ, 38 miles to Wilmington, DE, 119 miles to New York City, and 104 miles to Baltimore, MD. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
This location benefits from its excellent visibility and frontage on the corner of Northwest Blvd and Weymouth Rd, major thoroughfares through Vineland with traffic counts exceeding 12,500 vehicles per day. The 5-mile population is over 56,000 people with an average household income of over $88,000. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Vineland, NJ. The site is only 33 miles to downtown Philadelphia, PA, 36 miles to Atlantic City, NJ, 38 miles to Wilmington, DE, 119 miles to New York City, and 104 miles to Baltimore, MD. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
Property Details
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Service, Storefront
- Lot Size (sq. ft)
- 79,279 SF
Highlights
- High-Quality 2022 Construction (Brick on All 4-Sides)
- 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
- Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
- Excellent Visibility & Frontage on the Corner of Northwest Blvd and Weymouth Rd Which Boasts Over 12,500 Vehicles Per Day
- 5-Mile Population Over 56,000 Residents w/ Average Household Income Exceeding $88,000
- 33-Miles to Downtown Philadelphia, 36-Miles to Atlantic City, 38-Miles to Wilmington, 119-Miles to NYC & 104-Miles to Baltimore
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