For Sale
$1,308,077

3414 Roy Furman HwyWaynesburg, PA 15370

Waynesburg, PA Retail Property - 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 9,100 square foot Dollar General convenience and grocery store located at 3414 W Roy Furman Hwy, Waynesburg, PA 15370. Built in 2018 on a 2.605-acre lot, this property boasts 100% occupancy with a long-term, absolute NNN lease featuring zero landlord responsibilities. The lease, corporately guaranteed by Dollar General (rated BBB by Standard & Poor's), has over nine years remaining and includes three, five-year renewal options with 10% rent increases each. The property enjoys excellent visibility on a major thoroughfare (4,817 vehicles per day) and benefits from its proximity to Waynesburg University and Washington Health System. The strong NOI of $101,376 contributes to an attractive 7.75% cap rate and a price per square foot of $143.74. The asking price is $1,308,077. The oversized lot provides potential for future redevelopment. This is an ideal investment for a passive investor seeking a stable, high-performing asset in a desirable market serving a community with an average household income of $69,767 within a 5-mile radius. The property's strategic location and strong tenant make it a compelling investment opportunity. The property's location within a submarket where 70% of Dollar General stores serve communities under 20,000 residents further enhances its appeal.

Highlights

  • Investment-grade corporate guarantee by Dollar General (BBB rated by S&P).
  • Absolute NNN lease with over nine years remaining and three five-year renewal options, featuring 10% rent increases.
  • Ideal Dollar General submarket; 70% of Dollar General stores serve communities under 20,000 residents.
  • 10% rent increases in each of three renewal options.
  • 2018 build-to-suit construction.
  • Excellent visibility on W. Roy Furman Hwy (4,817 VPD).

Property Details for 3414 Roy Furman Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2018
Lot Size (sq. ft)
113,474 SF

Location Insight

City
Waynesburg
County
Greene
State
Pennsylvania
Latitude
39.8799879
Longitude
-80.2622334
3414 Roy Furman Hwy, Waynesburg, Pennsylvania

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3414 Roy Furman Hwy
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