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Dollar General, Newfield, NJ

Dollar General

Newfield, NJ

Price $2,740,000
Cap Rate 5.00%
NOI $136,951
Lease Term 15 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years In Option Periods
Year Built 2022
Building Size 9,002 SF
Lot Size 1.90 Acres (82,744 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to growing retail tenant
» Corporate Guaranty (NYSE: “DG”)
» 10% rental increases in initial term and option periods, providing a hedge against inflation
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth

STRATEGIC LOCATION ON NEWFIELD’S MAIN THOROUGHFARE
» Easily accessible from U.S. Route 40/Harding Highway, Newfield’s main thoroughfare, which leads to Atlantic City
» Located near State Route 55, Newfield’s primary north-south thoroughfare leading to Philadelphia (40,272 AADT)
» The property serves 435,741 residents within a 15-mile radius
» Average annual household income of $99,789 within five miles (projected to increase 12 percent by 2026)

NEW 2022 CONSTRUCTION
» High-quality construction completed in 2022
» Ample and easily accessible parking on large 1.9-acre site
» 21-foot pylon sign facing U.S. Route 40, Newfield’s primary thoroughfare


Property Description

This Dollar General is easily accessible from U.S. Route 40/Harding Highway, Newfield’s main thoroughfare which leads to Atlantic City. The property is strategically located near State Route 55, Newfield’s primary north-south thoroughfare leading to Philadelphia (40,272 AADT).

The site serves 435,741 residents within a 15-mile radius, providing a large and consistent customer base for the site. The average annual household income is $99,789 within five miles and is projected to increase 12 percent by 2026, poising Newfield and Dollar General for significant concurrent growth.

Contact Us About This Property

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