For Sale
$1,411,720

878 Brady RdCowansville, PA 16218

High-yield, long-term Dollar General lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,026 square foot Dollar General store located at 878 E Brady Rd, Cowansville, PA 16218. Built in 2021, the property boasts an absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The current lease term extends to January 13, 2036, offering a substantial remaining term of 11.2 years, with three 5-year renewal options. The property generates a strong net operating income (NOI) of $100,938, resulting in an attractive 7.15% cap rate. The asking price is $1,411,720, translating to a price per square foot of $156.41. This strategically located store benefits from high visibility on the corner of Pence Road and E Brady Road, experiencing over 2,700 vehicles per day. The surrounding area demonstrates strong demographics, with an average household income of $81,708 within a 5-mile radius and an estimated population of 7,225. The tenant, Dollar General, enjoys a "BBB" credit rating and has proven its resilience during economic uncertainty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant remaining lease term. The property is classified as a convenience store, grocery store, and storefront. This is an absolute NNN lease with zero landlord responsibilities and zero competition in the area.

Highlights

  • Absolute NNN lease with zero landlord responsibilities.
  • No area competition.
  • Dollar General boasts a BBB credit rating.
  • 11+ years remaining on the current lease term, plus renewal options.
  • Recession-resistant tenant with a proven track record.
  • 7,225 population within a 5-mile radius.

Property Details for 878 Brady Rd

Property type
Retail properties, Retail space
Square Feet
9,026 SF
Year Built
2021

Location Insight

City
Cowansville
County
Armstrong
State
Pennsylvania
Latitude
40.8915568
Longitude
-79.5879942
878 Brady Rd, Cowansville, Pennsylvania

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878 Brady Rd
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