For Sale
$1,981,355

1555 Washington BlvdMcKeesport, PA 15133

High-yield, low-maintenance retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,566 square foot Dollar General storefront located at 1555 Washington Blvd, McKeesport, PA 15133. The property sits on a 0.93-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing May 8, 2023, and expiring May 30, 2038. This leaves a substantial 13.5-year remaining lease term. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $128,788, resulting in a 6.50% cap rate. Built in 2023, this single-story building is situated in a densely populated area with over 132,000 people within a 5-mile radius and an average daily traffic count of 3,657. The property is zoned commercial and benefits from three five-year lease options. The asking price is $1,981,355. This is a truly passive investment opportunity with a strong tenant and significant upside potential. The property is offered as a sale by owner.

Highlights

  • $1,981,355 asking price for a 10,566 SF Dollar General storefront in McKeesport, PA.
  • Absolute NNN net lease with a credit-rated tenant.
  • 15-year lease (13.5 years remaining) commencing May 8, 2023, with 5% rent bumps every 5 years and three five-year options.
  • 6.50% cap rate and $128,788 annual NOI.
  • Located on a 0.93-acre lot with high traffic counts (3,657 ADT) and a large population (132,000+) within 5 miles.

Property Details for 1555 Washington Blvd

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF
Units
1

Location Insight

City
McKeesport
County
Allegheny
State
Pennsylvania
Latitude
40.3331093
Longitude
-79.879777
1555 Washington Blvd, McKeesport, Pennsylvania

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1555 Washington Blvd
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