new construction 16267 lincoln hwy, breezewood, pa 15533 ...€¦ · new construction absolute nnn...

New Construction

Absolute NNN

15-Year Lease

16267 Lincoln Hwy,

Breezewood, PA 15533

Offering Memorandum

INVESTMENT OVERVIEWB R E E Z E W O O D , P A

PennTex Ventures, LLC is pleased to

exclusively present to the market the

newly constructed, Dollar General store

#18655 located in Breezewood, PA South-

Central Pennsylvania ,97 miles Southeast

of Pittsburgh, PA and 74 miles Southwest

of Harrisburg, PA. The Tenant has a 15-

year initial term absolute NNN Lease.

Rent commenced in May 2018. Dollar

General (DG) then has 3 extension

options of 5 years each, with 10% rent

bumps in each option. The lease is backed

by a corporate guaranty from Dollar

General Corporation, who is investment

grade rated BBB by Standard and Poor’s

and did $23.5 Billion in annual sales in

2017. DG is #123 on the 2017 Fortune

500 list.

The new store is located on Lincoln Hwy,

which has an average of 11,000 VPD.

Situated near a junction between 3 major

traffic routes, I-70, Rt. 30 & I-76, over 6

million people pass through the area per

year. The median household income in a

10-mile radius Is $46,348 with a

population reaching over 12,000.

▪ Dollar General (#18655) – Breezewood, PA (South-Central Pennsylvania State) 97

miles SE of Pittsburgh, PA | 74 miles SW of Harrisburg, PA

▪ 15-Year Guaranteed NNN Lease | Rent commenced in May 2018

▪ 3-Five Year Option Periods with 10% rent bumps in each Option Period

▪ Brand new construction

▪ Corporate guaranteed by Dollar General Corporation

▪ Investment Grade Rated BBB by Standard and Poor’s

▪ 4,477 people within 10 miles | 11,000 VPD

Breezewood, PA

Pittsburgh, PA Harrisburg, PA

2Contact: Ashley Weinman | (724) 396-5757 (x104) | [email protected]

MARKET SUMMARYB R E E Z E W O O D , P A


PROPERTY SUMMARYB R E E Z E W O O D , P A

A D D R E S S 16267 Lincoln Hwy, Breezewood, PA 15533

S TO R E N U M B E R #18655

A P P ROX I M AT E AC R E AG E 1.4 ac.

B U I L D I N G S I Z E 9,100 sf

Y E A R B U I LT 2018

E X T E R I O R Steel with masonry front

V E H I C L E S P E R DAY 11,000 VPD

S I G N AG E 1 pylon sign

PA R K I N G 30 spaces, including 2 ADA compliant stalls

I N G R E S S / E G R E S S Full turn ingress and egress to Lincoln Hwy.

▪ Ideal demographics for Dollar General

▪ 6 million travelers pass through nearby per year

▪ Located near junction of heavily traveled Interstate Highways and State Route

▪ Situated nearby synergistic retailers

▪ 11,000 VPD Lincoln Hwy

Actual Store Photo


FINANCIAL OVERVIEWB R E E Z E W O O D , P A

P R I C E $1,465,422

C A P R AT E 6.75%

L E A S E T Y P E Triple-Net (NNN)

G RO S S N O I $98,916

P R I C E P E R S F $161.04

L A N D L O R D R E S P O N S I B I L I T I E S Initial payment of real estate taxes; reimbursable by Tenant.

T E N A N T R E S P O N S I B I L I T I E S Cost of utilities, real estate taxes, and insurance. Maintenance and repair of

roof, interior/exterior, landscaping and parking lot.


LEASE SUMMARYB R E E Z E W O O D , P A

R E N T C O M M E N CE ME NT

DAT E

May 16, 2018

O P T I O NS TO R E N E W 3 Five-Year Options with

10% Rent Increases in Each Option

L E A S E G UA R A N TOR Dollar General Corporation

A N N UA L R E N T M O N T H LY P E R S F

Years 1-15 $98,916 $8,243 $10.86

Option Years 16-20 $108,808 $9,067 $11.95

Option Years 21-25 $119,688 $9,974 $13.15

Option Years 26-30 $131,657 $10,971 $14.46


TENANT OVERVIEWB R E E Z E W O O D , P A

Dollar General (NYSE: DG) headquartered in Goodlettsville, TN is the largest small-box discount retailer store in

the nation. 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 competitive prices in small and convenient locations. A Fortune 500 company (#123), Dollar

General is investment grade rated BBB by Standard and Poor’s. With $23.5 billion in annual sales in 2017, DG saw a

$1.54 billion profit. 2017’s same-store sales marked Dollar General’s 28th consecutive year of same-store sales

growth.

15,000+ StoresRated BBB by Standard &

Poor

130,000+ Team MembersNumber 123 in Fortune

500 (June 2017)

Over 75 Years in

operation

27.1% increase in profit &

6.8% increase in sales

from 2016 to 2017

$23.5 Billion in Annual

Sales in 2017

$1.54 Billion in Profit in

2017


DEMOGRAPHICSB R E E Z E W O O D , P A

6-Mile 10-Mile 12-Mile

Population

2018 3,242 12,661 18,457

Households

2018 1,355 5,224 7,430

Household Income

2018 Median

HH Income$47,633 $45,871 $46,813

Daytime Population

Total 2018 3,477 10,965 16,452


MARKET OVERVIEWB R E E Z E W O O D , P A


Breezewood is an unincorporated town in East Providence Township,

Bedford County in south-central Pennsylvania. Along a traditional

pathways for Native Americans, European settlers, and British troops

during colonial times, in the early 20th century, the small valley that

became known as Breezewood was a popular stopping place for

automobile travelers on the Lincoln Highway, beginning in 1913. In

1940, Breezewood was designated exit 6 on the just-opened

Pennsylvania Turnpike .In the 1960s, Breezewood became the

junction of the Turnpike and the new Interstate 70.

Breezewood is a well known rest stop for travelers, with over 6

million travelers passing through this area per year. This exit on the

Turnpike routes traffic along a two-mile loop lined with gas stations,

hotels, and restaurants, making it easier for those travelers to find

places to rest. This section of Interstate 70 is one of the few parts of

the Interstate Highway System which is not a controlled-access

highway.

MARKET OVERVIEWB R E E Z E W O O D , P A

The median household income of a Breezewood resident is $39,500 a year. The leading occupations in Breezewood are construction, transporting & warehousing, health care & social assistance, and administrative, support & waste management services.

Business Name Number of Employees

Everett Food Liner Inc 73

Gateway Travel Plaza 213

Turnpike Commission Maintenance 70

Flying J Travel Plaza 80

Travel Centers of America 250

Blue Triangle Hardwoods 162

Cottles Asphalt Maintenance 50

The Breezewood exit meets the needs of those traveling 24 hours a day, 7 days a week, with

the numerous hotels, restaurants, gas stations, maintenance garages, and travel rest stops that

are available. Breezewood’s travel rest stops employ a substantial number of people in this

Appalachian town. Flying J, Traveler’s Oasis and Gateway Travel Plaza employ over 400 workers

combined. Travelers can dine at McDonald’s, Wendy’s, Dunkin’ Donuts, Perkin’s, Bob Evans and

Starbucks. The gas stations within a half mile include Sheetz, Sunoco and Exxon. Though the

area of Breezewood does lack a full-sized grocery store, this Dollar General store is located

conveniently nearby this major interchange and will be able to provide travelers and residents

with everyday necessities.

10Contact: Ashley Weinman | (724) 396-5757 (x104) |[email protected]

Dollar General16267 Lincoln Hwy,

Breezewood, PA 15533

Contact:

Ashley E. Weinman

License: RS332361

724-420-5367 ext. 104

724-396-5757 [email protected]

Broker of Record:

Timothy H. Weinman

PA: BR-046768L

mailto:[email protected]

new construction 16267 lincoln hwy, breezewood, pa 15533 ...€¦ · new construction absolute nnn...

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