For Sale
$1,503,286

701 Clearfield RdFenelton, PA 16034

High-yield, long-term NNN lease. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 701 Clearfield Rd, Fenelton, PA 16034. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $107,484. The absolute NNN lease with a corporate guarantee provides zero landlord responsibilities, ensuring a passive income stream. With over 11.4 years remaining on the primary lease term and three 5-year renewal options, this investment offers significant long-term stability. The property benefits from a prime location on Route 422, experiencing over 11,400 vehicles per day. Dollar General, a recession-resistant tenant with a BBB credit rating, enjoys a strong market position with no direct competition within a five-mile radius. The surrounding area demonstrates robust demographics, including an average household income of $76,751 within a two-mile radius and an estimated population of 8,074 within a five-mile radius. The asking price is $1,503,286, translating to $165.20 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a proven tenant and significant upside potential.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • Investment-grade tenant (Dollar General) with a BBB credit rating.
  • Long lease term: over 11.5 years remaining.
  • Recession-resistant tenant with a strong track record.
  • Dense population: 8,074 within a 5-mile radius.
  • No nearby competition; nearest Dollar General is 5 miles away.

Property Details for 701 Clearfield Rd

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2021

Location Insight

City
Fenelton
County
Butler
State
Pennsylvania
Latitude
40.846650940327
Longitude
-79.737424623902
701 Clearfield Rd, Fenelton, Pennsylvania

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701 Clearfield Rd
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