For Sale
$1,845,230

2593 Benjamin Franklin HwyEdinburg, PA 16116

Pennsylvania Retail Property, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 2593 Benjamin Franklin Hwy, Edinburg, PA 16116. The property sits on a 3-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing November 21, 2023, and expiring November 30, 2038. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and ensuring consistent income growth. With a current NOI of $119,940 and a 6.50% cap rate, this property offers a compelling return on investment. The property benefits from a strong location, serving a population of over 21,800 within a 5-mile radius and experiencing an average daily traffic count of 6,713. The building, constructed in 2023, is a single-story structure with commercial zoning. This is a single-tenant property with 100% occupancy. The asking price is $1,845,230, translating to $174.64 per square foot. The lease is corporate-guaranteed by Dollar General Corporation and rated BBB by Standard & Poor's, providing significant investment security. This is a truly passive investment opportunity with minimal management requirements.

Highlights

  • $1,845,230 asking price for a 10,566 SF Dollar General storefront in Edinburg, PA.
  • Absolute NNN net lease with a credit-rated tenant.
  • 15-year lease commencing November 21, 2023, with 5% rent increases every 5 years.
  • 6.50% cap rate and $119,940 annual NOI.
  • Located on a 3-acre lot with high daily traffic counts.

Property Details for 2593 Benjamin Franklin Hwy

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
130,680 SF
Units
1

Location Insight

City
Edinburg
County
Lawrence
State
Pennsylvania
Latitude
41.0464186
Longitude
-80.4288489
2593 Benjamin Franklin Hwy, Edinburg, Pennsylvania

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2593 Benjamin Franklin Hwy
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