Dollar General

100 Main Street - Hackettstown NJ 07840

LTV (Loan to Value)	65.00%	Current NOI	$116,636.00
Interest Rate	4.250%	Capital Rate	6.500%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	NN Modified
Loan Amount	$1,170,000.00	Property Type	Retail
Payment	$6,338.34	Property Lease	Dollar Store
Bulding Size	8,952 SF	Remaining Terms	+/- 10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a Dollar General store in a core northeast market just 50 miles from New York City.

Highlights

Long-Term Lease – The tenant recently signed a brand new lease with 10 years of term which provides investors the…

Property Description

Hackettstown is a town in Warren County, New Jersey. The town is located in the eastern most region of the Lehigh Valley. Hackettstown was incorporated as a town by an Act of the New Jersey Legislature on March 9, 1853, from portions of Independence Township. Portions of territory were exchanged with Mansfield Township in 1857, 1860, 1872 and 1875. Hackettstown houses the headquarters of Mars Chocolate USA, the American division of Mars, Incorporated, makers of Milky Way, Mars, M&M's, Twix and Snickers candy bars, as well as pet foods (such as the well-known Whiskas and Pedigree brands), human foods (including Uncle Ben's) and non-confectionery snack foods (including Combos). The Hackettstown station is the western terminus of the New Jersey Transit Morristown Line and the Montclair-Boonton Line, which both provide service to Hoboken Terminal with connections to Pennsylvania Station in Midtown Manhattan via Midtown Direct trains. New Jersey Transit bus service used to be provided on the MCM5 and 973 local routes before they were discontinued. However, Warren County operates a shuttle along Route 57 to Washington Township, with connections available to a shuttle to Philipsburg. Passing through Hackettstown are U.S. Route 46, Route 57, and County Route 517. Route 182 exists completely within the boundaries of Hackettstown. Hackettstown is located 49.3 miles from Newark Liberty International Airport in Newark / Elizabeth. Lehigh Valley International Airport, near Allentown, Pennsylvania, is 39.0 miles away. Hackettstown Airport, a small general aviation airport with the official database designation of (FAA LID: N05) is located in adjoining Mansfield Township, only a few hundred yards from the municipal border with Hackettstown proper. Hackettstown is also home to the Centenary College of New Jersey, an accredited four year college offering undergraduate and graduate degrees located approximately 1/3 of a mile from the Dollar General site. The college recently completed a $75M addition for a performing arts center. Hackettstown Regional Medical Center, a 111 bed hospital with roundly 885 staff members, is located approximately 1.4 miles from the Dollar General site. Hackettstown Regional Medical Center has been open since 1973, but its beginnings go back to the 1940s when William Rossy and other residents of Hackettstown saw the need for a hospital in their home town.