Dollar General | 15-Year Absolute NNN 279 Fish Pond Rd Local commercial 982 m² À vendre Sewell, NJ 08080 2 150 922 € (2 191,21 €/m²) Taux de capitalisation 6,50 %

The subject property is a newly constructed freestanding site for Dollar General located in Sewell, NJ (Philadelphia MSA). The new 15-year absolute NNN lease 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 (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 Fish Pond Rd and Pitman Downer Rd, major thoroughfares through Sewell which combined boasts over 13,300 vehicles per day. The 5-mile population is over 130,251 people with an average household income of over $134,000 and expected population growth of 2.22% over the next 5 years. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Glassboro, NJ which is home to Rowan University which enrolls over 22,000 students. The site is only 21 miles to downtown Philadelphia, PA, 46 miles to Atlantic City, NJ, 33 miles to Wilmington, DE, 105 miles to New York City, and 101 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.