For Sale
$1,933,050

3582 Saxonburg Rd Natrona Heights, PA 15065

Pennsylvania Retail Property, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a newly constructed, 9,100-square-foot Dollar General store located at 3582 Saxonburg Rd, Natrona Heights, PA 15065. The property boasts a 14-year remaining lease term (commencing November 7, 2023, and expiring December 1, 2038), with a 6.50% cap rate and a current NOI of $125,648. The absolute NNN lease includes built-in rent bumps of 5% every five years, and three five-year renewal options, minimizing landlord responsibilities. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. Situated on a one-acre lot in a high-traffic area with an average daily traffic count of 9,221 and a population of over 34,000 within a five-mile radius, this single-tenant, single-story building offers a compelling return on investment. The asking price is $1,933,050, translating to $212.42 per square foot. The property is zoned commercial and was built in 2023. This is a turnkey investment with exceptional long-term potential. All aspects of the lease are guaranteed by Dollar General Corporation.

Highlights

  • 5% rent increases every five years.
  • Strong demographics: 34,000+ population within a 5-mile radius.
  • 15-year absolute NNN lease with three, five-year options.
  • Zero landlord responsibilities.
  • Rent commenced November 7, 2023.
  • Corporate guarantee by Dollar General Corporation.

Property Details for 3582 Saxonburg Rd

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Natrona Heights
County
Allegheny
State
Pennsylvania
Latitude
40.6669377
Longitude
-79.7296905

FAQs

What type of property is this?
Retail property - Pennsylvania Retail Property, Strong ROI
Where is the retail property located?
The property is located at 3582 Saxonburg Rd Natrona Heights, PA.
What is the asking price?
The asking price for this property is $1,933,050.
What are key features of this property?
This property features: 5% rent increases every five years.; Strong demographics: 34,000+ population within a 5-mile radius.; 15-year absolute NNN lease with three, five-year options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3582 Saxonburg Rd
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