For Sale
$1,500,000

994 Gap Newport PikeCochranville, PA 19330

High-Yield NNN Lease in PA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,100 square foot Dollar General convenience store located at 994 Gap Newport Pike, Cochranville, PA 19330. Built in 2016 and recently remodeled, this property sits on a 2.38-acre lot in a high-traffic area, boasting nearly 13,000 cars passing daily on a main artery connecting Wilmington and Lancaster. The property features a 7-year absolute NNN lease with a strong corporate guarantee from Dollar General Corporation, a Fortune 500 company with a BBB investment-grade credit rating and approximately a $25 billion market capitalization. The current occupancy is 100%, generating a Net Operating Income (NOI) of $122,011 and an 8.13% cap rate. The asking price is $1,500,000. The average household income within a 5-mile radius is approximately $125,438, indicating a strong and stable market. This is a turnkey investment with minimal management requirements, offering significant long-term potential for passive income generation. The property's strategic location, strong tenant, and favorable lease terms make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a desirable location.

Highlights

  • High-traffic location on a major artery between Wilmington and Lancaster, seeing nearly 13,000 vehicles daily.
  • Recently remodeled Dollar General; building constructed to tenant specifications.
  • Absolute NNN lease.
  • Average household income within a 5-mile radius is approximately $125,438.
  • Strong corporate guarantee from Dollar General, a Fortune 500 company with a BBB investment-grade credit rating and ~$25 billion market cap.

Property Details for 994 Gap Newport Pike

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2016
Lot Size (sq. ft)
103,673 SF

Location Insight

City
Cochranville
County
Chester
State
Pennsylvania
Latitude
39.8969111
Longitude
-75.9247977
994 Gap Newport Pike, Cochranville, Pennsylvania

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994 Gap Newport Pike
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