This property offers a long-term lease with over 9.5 years remaining on the primary term, including two 5-year options with 10% rental increases at the start of each option period. The NN+ lease structure ensures limited landlord responsibilities, covering only roof, structure, and lot replacement. The 2019 built-to-suit construction for Dollar General is backed by a corporate guarantee from Dollar General Corporation, a financially strong and well-established national retailer, reducing credit risk.
Located in a high-density market with strong visibility and high barriers to entry, this property is situated in the Greater Pittsburgh, PA MSA, which boasts over 240,000 residents within a 10-mile radius—well above the average for Dollar General locations. Dollar General, with an investment-grade credit rating of BBB (S&P), operates over ±21,000 stores and continues to expand. As an essential retailer, Dollar General has proven to be one of the most profitable companies through the COVID-19 pandemic, making this an attractive, stable investment opportunity.