Details

Dollar General in Johnstown, PA

151 Southmont Blvd, Johnstown, PA

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hIGHLIGHTS

Size:9,000 SF

Price:$604,000.00

CAP RATE:7.00%

NOI:$42,270.00

PROPERTY
OVERVIEw

DETAILS

• 9,000 SF building
• Retro-fitted in 2002 with a new roof
• Lease Structure: NN
• Lease Expiration Date: 12/31/2026
• Renewal Options: One (1) five-year option
• Reimbursements: Dollar General reimburses over base year
taxes of $6,929.93
• Tenant Responsibilities: Insurance through National Insurance
Program and snow removal
• City-owned and maintained parking lot
• Corporate Guarantee: Dollar General Corporation

InCommercial Property Group is pleased to offer this 9,000 SF Dollar General Property in Johnston, PA. A tenant since 2002, Dollar General’s current lease runs through 2027, followed by one 5-year option period with a 10% rent increase. Dollar General reimburses for the increase over base year real estate taxes of $6,924.93 and pays directly for insurance through their National InsuranceProgram. Dollar General also pays for snow removal. Dollar General is a credit tenant and is publicly traded on the New York StockExchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 15,000 stores located in 45 states.

Location

Contact

Sam Derse

Executive Vice President, Brokerage

(773) 263-2531

Sam@in-commercial.com