For Sale
$1,763,430

4871 Us-219Brockport, PA 15823

Pennsylvania Retail Property, Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 4871 US-219, Brockport, PA 15823. The property sits on a 2.5-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, commencing December 2023 and expiring December 31, 2038. The lease includes a 6.50% cap rate and features built-in rent increases of 5% every five years, minimizing landlord responsibilities and maximizing long-term returns. With a current NOI of $114,623 and an asking price of $1,763,430 ($166.90/sq ft), this investment offers significant potential. The property benefits from a strong location within a 27,000+ population radius and an average daily traffic count of 8,119. The tenant, Dollar General, holds an investment-grade credit rating of BBB from Standard & Poor's, providing further security. The lease includes three five-year renewal options, ensuring long-term stability. This single-story, 2023-built building is zoned for commercial use and represents a secure, passive income stream for discerning investors. The property is offered for sale by owner.

Highlights

  • $1,763,430 asking price for a 10,566 square foot Dollar General storefront in Brockport, PA.
  • 15-year absolute NNN lease with 5% rent increases every 5 years, commencing December 2023.
  • Zero landlord responsibilities.
  • Three five-year lease options.
  • Corporate guarantee from Dollar General Corporation, with an investment-grade credit rating (BBB, S&P).

Property Details for 4871 Us-219

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
108,900 SF
Units
1

Location Insight

City
Brockport
County
Elk
State
Pennsylvania
Latitude
41.2565209
Longitude
-78.7306064
4871 Us-219, Brockport, Pennsylvania

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4871 Us-219
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