For Sale
$1,850,000

1712 Lincoln HwyNorth Versailles, PA 15137

High-yield, 10,000 SF Dollar General

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,000-square-foot Dollar General storefront located at 1712 Lincoln Hwy, North Versailles, PA 15137. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $129,500. Secured by a 10-year NNN lease with a credit-rated tenant, this investment offers minimal landlord responsibilities. The lease commenced March 17, 2023, and includes three five-year renewal options with a 10% rent increase at each option. The property sits on a 1.1-acre lot and provides 49 parking spaces. Built in 2023, this single-story building is situated in a high-traffic area with an average daily traffic count of 23,732 and serves a population exceeding 132,000 within a 5-mile radius. The property is zoned commercial and benefits from a 100% occupancy rate. This is a single-tenant, single-building investment with a remaining lease term of approximately 8.4 years, offering a secure and passive income stream. The tenant, Dollar General Corporation, is investment grade rated BBB by Standard and Poor's, providing further assurance and stability. The asking price is $1,850,000, translating to $185 per square foot.

Highlights

  • $1,850,000 asking price for a 10,000 SF Dollar General storefront on a 1.1-acre lot in North Versailles, PA.
  • 10-year NNN lease with a 7% cap rate and $129,500 annual NOI.
  • Credit-rated tenant with minimal landlord responsibilities; lease commenced March 2023.
  • Strong demographics: 132,000+ population within 5 miles and 23,732 average daily traffic count.
  • Building features 49 parking spaces and underwent renovations in 2023.
  • Lease includes three five-year renewal options with 10% rent bumps each.

Property Details for 1712 Lincoln Hwy

Property type
Retail properties, Retail space
Square Feet
10,000 SF
Year Renovated
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
47,916 SF
Units
1

Location Insight

City
North Versailles
County
Allegheny
State
Pennsylvania
Latitude
40.3696565
Longitude
-79.7854115
1712 Lincoln Hwy, North Versailles, Pennsylvania

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1712 Lincoln Hwy
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