For Sale
$1,210,000

14609 Us-422Strongstown, PA 15957

Strongstown, PA: 7.10% Cap Rate, 9,100 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple Dollar General investment property in Strongstown, Pennsylvania offers a compelling opportunity for passive investors. The 9,100 square foot store, built in 2016, sits on a 1.17-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, an investment-grade tenant (S&P: BBB). The lease, commencing August 21, 2016, and expiring August 31, 2031, has approximately 6.8 years remaining, providing significant long-term stability. The property benefits from a prime location on US-422, enjoying high visibility and accessibility. The lease includes 10% rent bumps at the beginning of each option period. The current annual net operating income (NOI) is $85,848, representing a 7.10% cap rate and a price per square foot of $132.97. The property's strong tenant, robust lease terms, and strategic location make it an attractive addition to any portfolio. The trade area supports the property with over 22,000 residents and 4,000 employees, and boasts an average household income of $74,954 within a one-mile radius. The property is 100% occupied and offers zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. This is a management-free investment ideal for out-of-state investors. The asking price is $1,210,000.

Highlights

  • $1,210,000 asking price for a Dollar General net lease property.
  • Absolute NNN lease with a corporate guarantee from Dollar General Corp.
  • 15-year lease with 6.8 years remaining; 10% rent bumps at each option period.
  • 9,100 square feet on a 1.17-acre lot, built in 2016, with 100% occupancy.
  • 7.10% cap rate, $85,848 NOI, and $132.97 price per square foot.
  • Located at 14609 US-422, Strongstown, PA 15957, with high visibility on Benjamin Franklin Highway.

Property Details for 14609 Us-422

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2016
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Strongstown
County
Indiana
State
Pennsylvania
Latitude
40.552186309634
Longitude
-78.921159715919
14609 Us-422, Strongstown, Pennsylvania

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14609 Us-422
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