Purchase Price | $2,230,769 |
---|---|
Annual Rental Income | $145,000 |
Cap Rate | 6.50% |
Lease Term | 13 Years |
City | Freehold |
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This offering presents a net-lease property occupied by Dollar General Corporation—a publicly traded, investment-grade retailer with a secure corporate guarantee. The absolute triple-net lease structure places full responsibility for property expenses—including taxes, insurance, and structural maintenance—on the tenant, ensuring truly passive, long-term income for the investor.
Freehold Township, located in Monmouth County, has a population of approximately 35,531 residents as of July 1, 2023, reflecting a 0.5% increase since the 2020 census . The township boasts a median household income of $125,739 and a per capita income of $57,937 . The area is characterized by a diverse demographic, with 81.6% of the population identifying as White, 4.1% as Black or African American, 6.2% as Asian, and 11.4% as Hispanic or Latino .
Freehold’s economy is robust, with total retail sales amounting to $1,891,301,000 in 2022, translating to $53,164 in retail sales per capita . The township’s strategic location within the New York–New Jersey–Long Island Metro Area provides access to a large consumer base and significant economic activity. Additionally, Freehold is known for its strong educational institutions and community amenities, contributing to a high quality of life for residents.