For Sale
$1,594,120

1251 Theatre RdHastings, PA 16646

Hastings, PA: NNN Retail Investment Opportunity

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 1251 Theatre Rd, Hastings, PA 16646. The property sits on a 2.95-acre lot and boasts a 15.1-year absolute NNN lease with a 6.50% cap rate and a current NOI of $103,618. The lease commenced October 3, 2023, and includes 5% rent increases every five years, along with three five-year renewal options. The tenant, Dollar General, is credit rated and provides a corporate guarantee. The property benefits from a high-traffic location with an average daily traffic count of 3,859 and serves a population exceeding 12,000 within a five-mile radius. Built in 2023, this single-story building is zoned commercial and represents a low-maintenance, passive income investment with zero landlord responsibilities. The asking price is $1,594,120, translating to $150.87 per square foot. This is a truly exceptional opportunity for a long-term, secure investment in a strong retail market. The lease expires October 31, 2038. The property is currently 100% occupied.

Highlights

  • $1,594,120 asking price for a 10,566 SF Dollar General storefront.
  • 15-year Absolute NNN lease with three, five-year options; rent commenced October 2023.
  • Zero landlord responsibilities.
  • 5% rent increases every five years.
  • Corporate guarantee by Dollar General Corporation; investment-grade rated BBB by Standard & Poor's.

Property Details for 1251 Theatre Rd

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
128,502 SF
Units
1

Location Insight

City
Hastings
County
Cambria
State
Pennsylvania
Latitude
40.6387804
Longitude
-78.749382
1251 Theatre Rd, Hastings, Pennsylvania

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1251 Theatre Rd
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