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Dollar General - 127 Central Avenue, City of Orange, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $3,050,000

  • 7,500

  • 5.51%

  • NOI :

  • Acres :

  • $168,000

  • 0.41

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • New construction (2018) Dollar General located in Orange, Essex County, New Jersey
  • Essential business which stayed open during COVID lockdown
  • Corporate guarantee (S&P Rated BBB) Investment grade credit
  • 3-5 year renewal options with 10% increases each option
  • Located at the signalized intersection of Central Avenue and Hickory Street
  • Over 19,000 cars/day traffic count
  • Many nearby national retailers including Walgreens, Burger King, TD Bank, and Save-A-Lot
  • Dense urban demographics with over 771,000 people within 5 miles

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