December 20, 2020
SOLD – DOLLAR GENERAL ABSOLUTE NET LEASE PORTFOLIO PENNSYLVANIA LOCATIONS
J.H. Winokur, Inc. is pleased to announce the closing of the sale of a portfolio of absolute net lease Dollar General properties located in Newmanstown, New Ringgold and Stroudsburg, Pennsylvania. All three locations had 15-year leases with no landlord obligations.
Stroudsburg benefits from 9,252 population in 3-mile radius and 29,787 population in 5-mile radius. The site also has 126,016 people in the 10-mile radius and strong population growth in local area. The property faces busy Ford, Honda and Mazda dealerships with no local retail competition and 23,337 ADT near the site. Stroudsburg is located at the base of the Poconos.
Newmanstown is located between Reading and Lebanon, Pennsylvania. It is a dense neighborhood location with 10,805 population in 3-mile radius, 20,000 population in 5-mile radius and 96,083 people in the 10-mile radius. There is strong population growth in local area and no local retail competition
New Ringgold is nestled between Allentown and Hershey, Pennsylvania. It is a dense neighborhood location with 8,025 population in 5-mile radius and 62,905 people in the 10-mile radius. There is no local retail competition
J.H. Winokur represented the seller a private investor who originally purchased the Dollar General stores from the original Dollar General developer. The three properties were sold to three different private investors with all three closings occurring within weeks of each other.
A main selling feature for Dollar General (NYSE: DG) for the investment community is the tenant’s S&P and Moody Investment grade credit rating. Another is that there are no landlord obligations under the lease.
Founded in 1978, J.H. Winokur continues to be a trusted advisor and broker for private investors and 1031 exchange buyers seeking the best real estate investments for their goals. For more information contact Jason Winokur.
