| Purchase Price | $2,432,000 |
|---|---|
| Annual Rental Income | $152,000 |
| Cap Rate | 6.25% |
| Lease Term | 15 Years |
| City | Sparta |
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
Sparta Township is a suburban community located in Sussex County, New Jersey. As of July 1, 2023, the population was approximately 20,195 residents . The township boasts a median household income of $167,371 and a per capita income of $76,132, both significantly higher than state and national averages .
The local economy is supported by a mix of residential, retail, and service sectors. The Sparta Town Center, a fully leased, 87,984-square-foot shopping center anchored by Stop & Shop, serves as a key retail hub in the area. The center benefits from strong demographics, with an average annual household income of $163,933 within a five-mile radius .