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149 Mountain View Ln
Jersey Shore, PA 17740

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.80 AC
Zoning
RES P
Frontage
296 FT on S.R. 44

ABOUT 149 MOUNTAIN VIEW LN , JERSEY SHORE, PA 17740

• Absolute Net (NNN) Investment | Dollar General operates on an Absolute Net (NNN) Lease with tenant fully responsible for maintenance, insurance and taxes providing the landlord with a low maintenance asset. • Corporate Guarantee | Dollar General Corporation (NYSE:DG) is a fortune 500 company with over 80 years in business and $25.6 billion in revenue FY’18. • Future Rent Growth-10% Increases In Each Option Period | There are 10% rental increases built into the lease in each option period, providing the landlord with positive rent growth and a hedge against inflation • Strong Tenant Commitment | The lease features an initial term of 15 Years with an additional three (3) 5 year options to extend the lease until 2049, indicating strong commitment to the site. • A One-Stop Shop | Dollar General delivers everyday low prices on items including food, health, beauty aids, cleaning supplies, family apparel and houseware. • Brand New 2020 Build-to-Suit Development | This asset is a brand new build-to-suit delivered in May, 2020. • Advantageous Demographics | This is an isolated community in the heart of the river valley outside of Williamsport, PA, which serves as the ideal target market for this tenant and further support sales. • Recession Resistant Guarantor | Dollar General is a leader amongst low price-point retailers and thrives in markets where income may be modest.

PROPERTY TAXES

  • Listing ID: 19209756

  • Date on Market: 4/13/2020

  • Last Updated:

  • Address: 149 Mountain View Ln, Jersey Shore, PA 17740