For Sale
$1,866,130

965 Main StFord City, PA 16226

Ford City, PA: High-yield, low-maintenance retail.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly built, 10,566 square foot Dollar General store located at 965 Main St, Ford City, PA 16226. The property sits on a 2-acre lot and boasts a 15-year absolute NNN lease with a commencement date of January 27, 2024, and an expiration date of January 31, 2039, leaving a substantial 14.2 years remaining. The lease includes a favorable 5% rent increase every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $121,298, resulting in a compelling 6.50% cap rate. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. The property benefits from a strong demographic profile, with over 14,100 people residing within a 5-mile radius and an average daily traffic count of 7,260. This single-tenant, single-story building is zoned for commercial use and offers a secure, passive income stream for discerning investors. Three five-year lease options further enhance the long-term value proposition. The asking price is $1,866,130, translating to $176.62 per square foot. This is a turnkey investment with minimal management requirements, ideal for those seeking a stable and appreciating asset.

Property Details for 965 Main St

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
1

Location Insight

City
Ford City
County
Armstrong
State
Pennsylvania
Latitude
40.7398807
Longitude
-79.5296116
965 Main St, Ford City, Pennsylvania

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965 Main St
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