3576 Northwest BoulevardVineland, NJ 08360

For Sale
$2,117,332

Dollar General | New 15-Year Absolute NNN Retail Property For Sale

Overview

Added:
Jan 24
Days on market:
49
The subject property is a newly constructed freestanding site for Dollar General located in Vineland, NJ (Outside Philadelphia). The 15-year absolute NNN lease commenced April 28, 2022 and includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on the corner of Northwest Blvd and Weymouth Rd, major thoroughfares through Vineland with traffic counts exceeding 12,500 vehicles per day. The 5-mile population is over 56,000 people with an average household income of over $88,000. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Vineland, NJ. The site is only 33 miles to downtown Philadelphia, PA, 36 miles to Atlantic City, NJ, 38 miles to Wilmington, DE, 119 miles to New York City, and 104 miles to Baltimore, MD. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

Highlights

  • High-Quality 2022 Construction (Brick on All 4-Sides) 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities) Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit – S&P Rated BBB) Excellent Visibility & Frontage on the Corner of Northwest Blvd and Weymouth Rd Which Boasts Over 12,500 Vehicles Per Day 5-Mile Population Over 56,000 Residents w/ Average Household Income Exceeding $88,000 33-Miles to Downtown Philadelphia, 36-Miles to Atlantic City, 38-Miles to Wilmington, 119-Miles to NYC & 104-Miles to Baltimore

Property Details for 3576 Northwest Boulevard

Property type
Other retail properties, Individual retail properties
Square Feet
9,100 SF
Price / Square Foot
$232.67
Year Built
2022
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
9,100 SF
Lot Size (sq. ft)
117,612 SF
Net Operating Income
$139,743

Location Insight

City
Vineland
County
State
New Jersey

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3576 Northwest Boulevard
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