Stroudsburg, KW Commercial is offering the sale of this
1698 Rachel Road, Stroudsburg, PA
KW Commercial is offering the sale of this 9,100 sq-ft new construction (2016) Dollar General in Stroudsburg, Pennsylvania. This single tenant net leased investment offers a 15-year initial term with a rent commencement date of February 13, 2017. Rental rate increase of 10% at each renewal option (two 5-year and one 4-year, eleven month). The NNN lease is corporately guaranteed by Dollar General Company (NYSE: DG), which holds a credit rating of âBBBâ by Standard & Poorâs. Dollar General Company (NYSE: DG) is the largest small box discount retailer in the United States offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. In addition to high quality, private brands, Dollar General sells products from America's most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. Headquartered in Goodlettsville, TN, the company was established in 1939. Dollar General has more retail locations than any retailer in America and is the only dollar store with investment grade credit (Rated BBB by Standard & Poorâs). It operates 14,761 stores in 44 states as of May 4, 2018. Net sales increased 9.0% to $6.1 billion and same-store sales increased 2.1% in Q1 2018 compared to Q1 2017. Cash flows from operations increased 7.5% to $549 million within the same timeframe.
Commercial & Office Space for Rent
9,100 sq. ft.