Historical Retail Sale Listing - Dollar General Store

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Dollar General Store

7260 Sixty Foot Road, Pittsville, MD 21850

N/A

9,014 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,014 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Commission Split:
2%
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2011
Lot Size:
1.58 AC
Listing ID
17350497
Last Updated
over 1 year ago

Highlights

  • New Triple Net (NNN) 15 Year Lease With Dollar General
  • Sales for 2010 of $13.05 Billion (up 10.5%); Net Income of $628 Million (up 85%)
  • DG is a Fortune 200 Company Listed on the NYSE (Ticker Symbol - DG)
  • New Build-To-Suit Construction
  • DG is the #1 Small-Box Discount Retailer in the US - In Business Since 1939
  • Full Year Same-Store Sales Increased 4.9%

Description

New 15 year triple net (NNN) lease with Dollar General, a Fortune 200 company, and the #1 small-box discount retailer in the U.S. New build-to-suit construction with scheduled January 2012 delivery. Proto-type "D" with building sitting "sideways" (130' of frontage and 70' of depth) for maximum exposure on the site. Pre-engineered metal, clear-span building measuring 9,014 square feet. Split-face block and glass storefront. Rent of $114,834 NNN in years 1-15 with 10% rental increases in each of the five 5 year option periods. 34 parking spaces. Attractive landscaping.

Great "Eastern Shore" location. Large 1.58 acre parcel at the SW corner of Sixty Foot Road (370' of frontage) and Old Ocean City Road/MD 349 (178 feet of frontage) in the heart of downtown Pittsville. MD 349 runs parallel with US Hwy 50 and accesses the MD beach communities. Sixty Foot Road connects US HWY with Rehoboth Beach and other coastal communities in DE.

Map of 7260 Sixty Foot Road, Pittsville, MD 21850 (Wicomico County)

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