For Sale
$1,563,131

786 Main StDuke Center, PA 16729

Pennsylvania Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General store in Duke Center, Pennsylvania. Built in 2024, the property boasts a 15.1-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced May 3, 2024, and features three 5-year renewal options with 10% rent increases. The current asking price is $1,563,131, representing a compelling 7.25% cap rate and a price per square foot of $146.91. The property sits on a 2.11-acre lot at 786 Main St, Duke Center, PA 16729, offering excellent visibility and over 130 feet of frontage. With a strong NOI of $113,327 and minimal landlord responsibilities, this is an ideal investment for passive income seekers. The property's location offers limited competition, with the nearest similar stores over 7.5 miles away. The single-story building is zoned commercial and enjoys 100% occupancy. This is a stabilized investment with significant long-term potential, backed by a Fortune 500 company. The property's APN is 28-013. -177.00.

Highlights

  • $1,563,131 asking price, yielding a 7.25% cap rate.
  • 14.5-year remaining lease term (15.1-year total lease, including three 5-year options with 10% rent increases).
  • New construction (2024).
  • Absolute NNN lease with no landlord responsibilities.
  • Limited competition; nearest similar stores over 7.5 miles away.
  • Credit-rated corporate guarantee from Dollar General.

Property Details for 786 Main St

Property type
Retail properties, Drug stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
91,912 SF

Location Insight

City
Duke Center
County
McKean
State
Pennsylvania
Latitude
41.9486622
Longitude
-78.4748836
786 Main St, Duke Center, Pennsylvania

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786 Main St
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