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Dollar General9178 Mason Dixon Hwy, Salisbury, PA 15558
PennTex Ventures, LLC
Representative Photo
Offering Memorandum
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Offering Summary 3
Investing in Dollar General 5
Site Details 7
Market Study 9
Contact Information 11
TABLE OF CONTENTSDollar General I Salisbury, PA
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.
Listed ByAshley Weinman, Director of SalesLicense: RS332361724-420-5367 Ext. [email protected]
Broker of RecordTimothy H. Weinman, PresidentRB-046768L
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Purchase price $1,464,356
CAP rate 6.75%
Annual income: years 1-15 $98,844
Annual reserve $0
Annual cash flow $98,844
Term yield 6.75%
Rent commencement June 2018
Lease term 15 years guaranteed
Option periods 3-five year periods with 10% rent bumps each option period
Lease type Absolute NNNThe tenant is responsible for all utilities, real estate taxes, insurance, roof, interior/exterior repairs, landscaping and parking lot’s maintenance.
9178 Mason Dixon Hwy, Salisbury, PA 15558
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.
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PARent Terms
Annual rent Monthly Per square foot
Years 1-15 $98,844 $8,237 $10.86
Option years 16-20 $108,728.40 $9,060.70 $11.94
Option years 21-25 $119,601.24 $9,966.77 $13.14
Option years 26-30 $131,561.40 $10,963.45 $14.45
Representative Photo
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.
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Dollar General Company (NYSE: DG) based in Goodlettsville, TN is the nation’s largest small box discount retailer store. 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, Nabisco and Hanes.
Corporate Summary
75+years in operation
130,000+employees
44located in states
15,000+stores
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.
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A Fortune 500 company (#123), Dollar General is investment grade rated BBB by Standard and Poor’s. This year’s same-store sales marks Dollar General’s 28th consecutive year of same-store sales growth.
6.8%increase in 2017 sales
$23.5 billionannual sales in 2017
$1.54 billion2017 profit
27.1%increase in 2017 profit
Corporate Summary
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.
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PAProperty Overview
Location 9178 Mason Dixon Hwy, Salisbury, PA 15558
Store number #18835
Acreage Approximately 1.1 acres
Building size/prototype 9,100 SF freestanding
Vehicles per day 4,300 vehicles per day
Exterior Steel with masonry front
Signage 1 pylon sign
Parking spaces 31 spaces, including 2 ADA compliant stalls
Accessibility ADA compliant
Construction completion June 2018
Representative Photo
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.
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PAInterior Portrayal
Representative Photos
20 fresh and frozen cooler doors
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.
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PAArea Snapshot Situated in the Appalachian Mountains of Southwestern Pennsylvania, Salisbury is located 47 miles southeast of Pittsburgh, PA and 57 miles northeast of Morgantown, WV. Salisbury is the last Pennsylvanian town before the Maryland border, which is located less than 3 miles away. Passing through the heart of Salisbury, Route 219 acts as a major artery toward the PA Turnpike (Rt I-76). The local economy is based on coal, timber and farming. The local school district, Salisbury-Elk Lick, teaches 280 students and employs 36 faculty and staff members yearly. This Dollar General store fulfills a great need for the residents. The store provides everyday goods at a reasonable price that is conveniently located within town. Otherwise, residents must travel outside of town to the closest full-sized grocery store.
Thousands of recreationalists and tourists make this a regular travel destination, which aids in another economic boost for this area. Nearby Meyersdale hosts the 70-year tradition of the PA Maple Festival, which sees 10,000 attendees. About 20 miles west of Salisbury, the Laurel Highlands offers an array of site seeing and exploration. Ohiopyle boasts hiking, whitewater rafting, fishing, zip lining, and rock climbing to over 1.5 million yearly adventure seekers. Frank Lloyd Wright’s architectural marvel Falling Waters draws over 60,000 yearly visitors to tour the iconic waterfall home. On 2,000 acres, Nemacolin Woodland Resort offers visitors a luxurious getaway year-round with golf, multiple restaurants, spa, casino, ski slopes, event venues, and opulent lodging.
47 miles
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.
Salisbury
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2017 Demographics 2 miles 4 miles 6 milesPopulation 1,614 3,649 8,935Households 674 1,376 3,415Median HH income $38,922 $43,219 $41,898Daytime workers 520 1,378 3,179
Market Information
Market Aerial 1 mile radius
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.
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PASummary
$98,844Annual cash flow
$1,464,356Purchase price
15 years guaranteedLease term
6.75%CAP rate
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.
PennTex Ventures, LLC400 Penn Center Boulevard, Building 4Suite 1000Pittsburgh, PA 15235penntexventures.comPhone: 724-420-5367Fax: 724-420-5369
Listed ByAshley Weinman, Director of SalesLicense: RS332361724-420-5367 Ext. [email protected]
Broker of RecordTimothy H. Weinman, PresidentRB-046768L