3414 Roy Furman HwyWaynesburg, PA 15370

Property Details for 3414 Roy Furman Hwy

Year built

2018

Lot size

2.61 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Waynesburg

County

Greene

State

Pennsylvania

Latitude

39.88

Longitude

-80.2622

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