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- LoopNet Team
445 US Highway 206
Montague, NJ 07827
New 15yr Corporate Dollar General in NJ · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-Year Absolute NNN Lease | Corporate Guaranty (NYSE: “DG”) with No Landlord Management | Dollar General Corporation is Rated “BBB” by S&P
- Central Location Near Multiple Tourist Attractions and Community Hubs | Neighbored by Montague Elementary School (215 Students)
- New 2020 Construction Built to Dollar General’s Latest Prototype
- Easily Accessible Location in Populous and Affluent Area | 111,725 Residents and $92k Average Household Income Within a 15-Mile Radius of the Property
- Montague Township Borders Both New York and Pennsylvania, the Only Municipality in New Jersey to Border Both States
PROPERTY FACTS
ABOUT 445 US HIGHWAY 206 , MONTAGUE, NJ 07827
The property has an easily accessible location along U.S. Highway Route 206, a primary north-south thoroughfare traversing Montague Township. The site benefits from its central location in a populous and affluent area, with 111,725 residents living within a 15-mile radius of the location and an average household income of $92,321. The property is primed to grow along with the surrounding area, with a projected 14 percent average annual household income increase within one mile of the site in the next five years. Traffic to the site is also increased by the 21-foot pylon sign facing U.S. Highway Route 206. The property is located within a one-hour drive of five different State Game Lands hunting grounds, attracting impactful amounts of outdoor recreationists to the area. Traffic to the site is also increased by its proximity to popular tourist attractions such as High Point State Park, Stokes State Forest, Space Farms Zoo & Museum, and Raymondskills Falls. The location is primed to serve a large tourist customer base, as New Jersey tourism generated $10.5 billion in 2018 revenue. The site also experiences increased traffic from its location neighboring Montague Elementary School (215 students) and its nearby access to several well established local businesses and community hubs in Montague Township’s primary retail corridor. Commuter traffic to the site is increased by the location’s proximity to Downtown Milford, three miles away.
