STORE CURRENTLY UNDER CONSTRUCTION
Triple Net Lease with investment grade tenant expires May 2032.
Dollar General (NYSE: DG) is rated BBB- by S&P. Dollar General Corporation guarantees the lease payments and tenant’s obligations.
This Reeders location will be a new location for Dollar General. It is located on PA Route 715, which is the main thoroughfare through town and has no nearby competitors. This location is a new build-to-suit store and has a targeted opening date for summer 2017. The current lease term expires in 2032, but there are two 5-year options and one 4-year and 11 month option to renew with 10% rent increases.
The net lease terms call for minimal landlord responsibilities, as the tenant is responsible for the all components of the building.