125 huckleberry hwy central city, pa 15926 single tenant ... · coals, inc. employs over 50 workers...

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Lease Information: The primary lease term is guaranteed for 15 years. The tenant has 3- five year options with 10% rent bumps for each option period. In addition, the tenant is responsible for all utilities, real estate taxes, insurance, roof, interior/exterior repairs, landscaping and parking lots maintenance. This is an absolute NNN lease with no landlord responsibilities. Annual Rent Monthly Per Square Foot Years 1-15 $87,375.96 $7,281.33 $9.60 Option Years 16-20 $96,113.64 $8,009.47 $10.56 Option Years 21-25 $105,724.92 $8,810.41 $11.62 Option Years 26-30 $116,297.40 $9,691.45 $12.78 Property Information: This brand new Dollar General is located on the corner of a lighted intersection in Central City. The store and pylon sign are highly visible from all directions of Route 30. This main roadway through the market sees 3,500 vehicles per day. Passersby will be able to easily enter the stores parking lot with full turn access from the intersecting roadway, Huckleberry Highway (2,600 VPD). The limited grocery options in the area create an underserved market. The closest major grocery chain is located over 13 miles away. The Dollar General property features a free-standing building with a masonry and steel façade and a corner entrance. The store is surrounded by eye-catching landscaping that is well maintained. Customers will have ample parking with 32 available spaces in the newly paved parking lot. Purchase Price: $1,248,228 CAP Rate: 7% Annual Income-Years 1-15: $87,376 Annual Reserve: $0 Annual Cash Flow: $87,376 Term Yield: 7% SINGLE TENANT NET LEASE OPPORTUNITY SIZE BUILDING: 9,100 SQUARE FEET LOT: 1.29 ACRE Absolute NNN PARKING: 32 Spaces 125 Huckleberry Hwy Central City, PA 15926 Investment Highlights Recession proof retailer Company wide store sales increase (2016) of 7.9% An outstanding long-term investment opportunity Free-standing investment property A primary lease term of 15 years Rent commenced in July 2016. Favorable term yield of 7% Underserved market Located in a well trafficked commercial market with 3,500 vehicles per day Masonry and steel exterior Corner entrance Site boasts 32 parking stalls Full handicapped access Location surrounded by lush landscaping Favorable demographics: 1,910 people and 823 households live near the store PennTex Ventures, LLC 1563 Woodward Drive Extension | Greensburg, PA 15601 P: 724.420.5367 | F: 724.420.5369 Timothy H. Weinman | President

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Page 1: 125 Huckleberry Hwy Central City, PA 15926 SINGLE TENANT ... · Coals, Inc. employs over 50 workers at the Shade Plant. Area attractions appeal to thrill seekers and tourists alike

Lease Information: The primary lease term is guaranteed for 15 years. The tenant has 3-five year options with 10% rent bumps for each option period. In addition, the tenant is responsible for all utilities, real estate taxes, insurance, roof, interior/exterior repairs, landscaping and parking lot’s maintenance. This is an absolute NNN lease with no landlord responsibilities.

Annual Rent Monthly Per Square Foot

Years 1-15 $87,375.96 $7,281.33 $9.60

Option Years 16-20 $96,113.64 $8,009.47 $10.56

Option Years 21-25 $105,724.92 $8,810.41 $11.62

Option Years 26-30 $116,297.40 $9,691.45 $12.78

Property Information: This brand new Dollar General is located on the corner of a lighted intersection in Central City. The store and pylon sign are highly visible from all directions of Route 30. This main roadway through the market sees 3,500 vehicles per day. Passersby will be able to easily enter the store’s parking lot with full turn access from the intersecting roadway, Huckleberry Highway (2,600 VPD).

The limited grocery options in the area create an underserved market. The closest major grocery chain is located over 13 miles away.

The Dollar General property features a free-standing building with a masonry and steel façade and a corner entrance. The store is surrounded by eye-catching landscaping that is well maintained. Customers will have ample parking with 32 available spaces in the newly paved parking lot.

Purchase Price: $1,248,228

CAP Rate: 7%

Annual Income-Years 1-15: $87,376

Annual Reserve: $0

Annual Cash Flow: $87,376

Term Yield: 7%

SINGLE TENANT NET LEASE OPPORTUNITY

SIZE BUILDING: 9,100 SQUARE FEET

LOT: 1.29 ACRE Absolute NNN

PARKING: 32 Spaces

125 Huckleberry Hwy

Central City, PA 15926

Investment Highlights

Recession proof retailer

Company wide store sales increase (2016) of 7.9%

An outstanding long-term investment opportunity

Free-standing investment property

A primary lease term of 15 years

Rent commenced in July 2016.

Favorable term yield of 7%

Underserved market

Located in a well trafficked commercial market with 3,500 vehicles per day

Masonry and steel exterior

Corner entrance

Site boasts 32 parking stalls

Full handicapped access

Location surrounded by lush landscaping

Favorable demographics: 1,910 people and 823 households live near the store

PennTex Ventures, LLC 1563 Woodward Drive Extension | Greensburg, PA 15601

P: 724.420.5367 | F: 724.420.5369 Timothy H. Weinman | President

Page 2: 125 Huckleberry Hwy Central City, PA 15926 SINGLE TENANT ... · Coals, Inc. employs over 50 workers at the Shade Plant. Area attractions appeal to thrill seekers and tourists alike

Disclaimer: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but do not guarantee it. The buyer must perform and rely on its own due diligence review.

125 Huckleberry Hwy

Central City, PA 15926

Area Information: This Dollar General store is situated in Somerset County among the Laurel Highland Mountain Range in Southwestern Pennsylvania. The store is uniquely located along the historic seven mile stretch of Route 30. The farming and coal industries provide a substantial source of employment for the region. Nearby PBS Coals, Inc. employs over 50 workers at the Shade Plant. Area attractions appeal to thrill seekers and tourists alike. Huckleberry Highway continues to be a popular entrance for two recreational lakes: Indian Lake and Lake Stonycreek. The popular lake community offers over 2,300 of combined water acreage and over 850 vacation and year-round homes. The Route 30 entrance to the Flight 93 National Memorial is located only 5 miles from the store. The 2,200 acre national park sees over 300,000 yearly visitors with that number projected to grow. Camp Allegheny and the Mt. Ararat Overlook, two popular retreats, are also positioned along Route 30. Hosting both private and public events, Camp Allegheny accommodates about 3,200 yearly visitors. Famous for the panoramic view, site seers are offered the chance to see 3 states and 7 counties at the Mt. Ararat Overlook.

2016 DEMOGRAPHICS: 3 MILES: 5 MILES: 10 MILES:

POPULATION: 1,910 4,920 16,529

HOUSEHOLDS: 823 2,115 6,754

MEDIAN AGE: 55 55 54

AVERAGE HOUSEHOLD INCOME: $76,083 $57,344 $44,441

Dollar General Tenant Information

Dollar General Company (NYSE: DG) based in Goodlettsville, TN is the nation’s largest small box discount retailer store. The company operates over 14,000 stores in 43 states, employing over 136,000 people. They choose to locate their stores in small shopping plazas or in stand alone stores. Dollar General’s mission is to serve others and they believe the best way to serve is by embracing substance and simplicity. Dollar General aims to make shopping for everyday needs simpler and hassle-free by offering a focused assortment of the most popular national and private brands in general merchandise, cosmetics, toiletries, beverages and groceries at low everyday prices in small and convenient locations. Such national brands include Procter & Gamble, Kellogg's, General Mills and Nabisco and Hanes. Dollar General is investment grade rated BBB by Standard and Poor’s and generated $22 billion in annual sales in 2016. A Fortune 500 company, (#128) Dollar General produced a net income of $1.25 billion in the 2016 fiscal year. The company’s sales and net income grew by 7.9% and 12.2 respectively. Additionally, this year’s same-store sales marks Dollar General’s 27th consecutive year of same-store sales growth.

PennTex Ventures, LLC 1563 Woodward Drive Extension | Greensburg, PA 15601

P: 724.420.5367 | F: 724.420.5369 Timothy H. Weinman | President