14609 Us-422Strongstown, PA 15957
- Retail properties
- 9,100 SF
Property Details for 14609 Us-422
- Year built
- 2016
- Lot size
- 1.17 AC
- Property size (Sq ft)
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This fee-simple Dollar General investment property in Strongstown, Pennsylvania offers a compelling opportunity for passive investors. The 9,100 square foot store, built in 2016, sits on a 1.17-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, an investment-grade tenant (S&P: BBB). The lease, commencing August 21, 2016, and expiring August 31, 2031, has approximately 6.8 years remaining, providing significant long-term stability. The property benefits from a prime location on US-422, enjoying high visibility and accessibility. The lease includes 10% rent bumps at the beginning of each option period. The current annual net operating income (NOI) is $85,848, representing a 7.10% cap rate and a price per square foot of $132.97. The property's strong tenant, robust lease terms, and strategic location make it an attractive addition to any portfolio. The trade area supports the property with over 22,000 residents and 4,000 employees, and boasts an average household income of $74,954 within a one-mile radius. The property is 100% occupied and offers zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. This is a management-free investment ideal for out-of-state investors. The asking price is $1,210,000.
Location Insight
- City
- Strongstown
- County
- Indiana
- State
- Pennsylvania
- Latitude
- 40.5522
- Longitude
- -78.9212
Comparable in this City
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