3582 Saxonburg RdNatrona Heights, PA 15065

Property Details for 3582 Saxonburg Rd

Year built

2023

Lot size

1.00 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a newly constructed, 9,100-square-foot Dollar General store located at 3582 Saxonburg Rd, Natrona Heights, PA 15065. The property boasts a 14-year remaining lease term (commencing November 7, 2023, and expiring December 1, 2038), with a 6.50% cap rate and a current NOI of $125,648. The absolute NNN lease includes built-in rent bumps of 5% every five years, and three five-year renewal options, minimizing landlord responsibilities. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. Situated on a one-acre lot in a high-traffic area with an average daily traffic count of 9,221 and a population of over 34,000 within a five-mile radius, this single-tenant, single-story building offers a compelling return on investment. The asking price is $1,933,050, translating to $212.42 per square foot. The property is zoned commercial and was built in 2023. This is a turnkey investment with exceptional long-term potential. All aspects of the lease are guaranteed by Dollar General Corporation.

Location Insight

City

Natrona Heights

County

Allegheny

State

Pennsylvania

Latitude

40.6669

Longitude

-79.7297

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