507 Jonestown Rd
Jonestown, PA 17038
Dollar General · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Dollar General property located on Jonestown Road in Jonestown, PA. Dollar General has been operating in this location since 2012 and current has 8 years remaining in its initial 15 year lease. There is a 3% rental increase in August 2022, and 10% rental increases in each of the three options to renew. This NNN lease structure is totally passive for the landlord and offers no responsibilities and no exposure to expenses. The lease is corporately guaranteed by Dollar General, an investment grade credit tenant, rated BBB by Standard & Poor's. This 9,026 square foot Dollar General sits on 1.46 acres on Jonestown Road with excellent visibility. Dollar General is surrounded by numerous local businesses and industrial companies, making this a go-to store for surrounding employees. There is no competition surrounding this site, with the closest dollar store being 8 miles away. The site is also situated just off Rt 72 with traffic counts of 5,300 vehicles per day and 0.4 miles from the on/off ramps of Rt 22 with traffic counts of 11,000 vehicles per day. There are over 19,000 people within 5 miles of this property, with an average household income exceeding $78,000. Dollar General is also located 0.6 miles from the Supreme - Northeast office, a leader in truck body manufacturing and custom vehicles, situated on 14 acres and adding to the daytime population of 1,400 people within 1 mile of Dollar General. This NNN lease coupled with a longer lease term and no competition makes this the ideal investment for the passive, astute investor.