4871 Us-219Brockport, PA 15823

Property Details for 4871 Us-219

Year built

2023

Lot size

2.50 AC

Property size (Sq ft)

10,566 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 4871 US-219, Brockport, PA 15823. The property sits on a 2.5-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, commencing December 2023 and expiring December 31, 2038. The lease includes a 6.50% cap rate and features built-in rent increases of 5% every five years, minimizing landlord responsibilities and maximizing long-term returns. With a current NOI of $114,623 and an asking price of $1,763,430 ($166.90/sq ft), this investment offers significant potential. The property benefits from a strong location within a 27,000+ population radius and an average daily traffic count of 8,119. The tenant, Dollar General, holds an investment-grade credit rating of BBB from Standard & Poor's, providing further security. The lease includes three five-year renewal options, ensuring long-term stability. This single-story, 2023-built building is zoned for commercial use and represents a secure, passive income stream for discerning investors. The property is offered for sale by owner.

Location Insight

City

Brockport

County

Elk

State

Pennsylvania

Latitude

41.2565

Longitude

-78.7306

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