1661 Pa-56 Spring Church, PA 15686

This Pennsylvania retail property offers a fee-simple investment opportunity with a Dollar General store under a 15.1-year absolute NNN lease. The lease, commencing December 1, 2016, and expiring December 31, 2031, has approximately 7.1 years remaining. The 9,100 square-foot building sits on a 1.85-acre lot and boasts a strong 7.10% cap rate, generating a net operating income (NOI) of $93,600. The property is located at 1661 PA-56 in Spring Church, Armstrong County, Pennsylvania, 15686, benefiting from high visibility on State Route 56, averaging 12,900 vehicles per day. The tenant, Dollar General, is a credit-rated, nationally recognized corporation with a corporate guarantee, minimizing landlord responsibilities. Rent increases of 10% are built into the lease at the beginning of each option period. The property's strong location is supported by a trade area with over 46,000 residents and 13,000 employees, and an average household income exceeding $82,353 within a 10-mile radius. This is an ideal, management-free investment, perfect for passive investors. The asking price is $1,319,000, translating to $144.95 per square foot. The property is 100% occupied.