Dollar General With Rental Increases

Equity Retail Brokers is pleased to offer qualified investors the opportunity to purchase a recently constructed Dollar General located in the Philadelphia MSA. The property is located at 222 S. White Horse Pike, Stratford, NJ 08084 and benefits from the dense surrounding population, strong traffic counts, and surrounding retail.

Dollar General has an investment grade credit rating (S&P: BBB) with over 16,000 locations in 46 states. The property is subject to a long-term corporately guaranteed lease with Dollar General that offers minimal landlord responsibility. Built in 2020, Dollar General has 12 years remaining on their initial term, plus multiple five-year option periods that offer a 10% rental increase.

The location of the property benefits from over 96,000 people within 3-miles, an average household income of $88,830, and traffic counts of 38,855 VPD on White Horse Pike. The Lindenwold Train Station is located directly across from the site, while Jefferson Hospital and Rowan University School of Osteopathic Medicine are adjacent. As part of the center’s redevelopment plans, a road will be built connecting the center to the hospital/school.