Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
1279 Old Bristol Pike, Morrisville, PA 19067
PROPERTY INFORMATION
Price:
$1,552,666
Cap Rate:
6.15%
Term Remaining:
15 Years
Year Built:
2017
INVESTMENT HIGHLIGHTS
- Brand New 7,500 SF Dollar General Metro Store
- Triple Net (NNN) 15 Year Lease with No Landlord Responsibilities
- Four, Five Year Options | 10% Rent Increases at Each Option
- Corporate Guarantee | “BBB” S&P Rating
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present a brand new Dollar General store located at 1279 Old Bristol Pike in Morrisville, PA. This new Triple Net (NNN) lease has no landlord responsibilities and the brand new lease will commence on November 28, 2017. The lease has a corporate guarantee from Dollar General which has a “BBB” S&P rating, which is classified as “Investment Grade”.
The subject property is in a densely populated area with over 242,000 residents within five miles. The median home value within five miles exceeds $219,000 and the average household income exceeds $76,000. Surrounding retail tenants include: Rite Aid, Wawa, Burger King and 7 Eleven.