996 Barn StHooversville, PA 15936

  • Retail properties
  • 8,000 SF
For Sale
$576,500 View listing

Property Details for 996 Barn St

Year built
2014
Lot size
2.37 AC
Property size (Sq ft)
8,000 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a single-tenant, 8,000 square foot Dollar General convenience store and storefront located at 996 Barn St, Hooversville, PA 15936. The property sits on a 2.37-acre lot and boasts excellent visibility due to its strategic location at the intersection of Grove Ave and Barn St. Built in 2014, this one-story building is currently 100% occupied under a corporate-guaranteed Double Net (NN) lease with Dollar General Corporation (NYSE: DG), a leading national retailer. The lease commenced October 28, 2020, and has a remaining term of approximately 5.9 years, extending to October 27, 2030, with three and five-year lease options. The property generates a substantial net operating income (NOI) of $48,997, resulting in an attractive 8.50% cap rate. The asking price is $576,500, translating to a price per square foot of $72.06. The NN lease structure minimizes landlord responsibilities, with the tenant responsible for taxes, insurance, utilities, and interior maintenance. Landlord responsibilities are limited to exterior property maintenance. Dollar General's strong financial performance and recession-resistant business model make this a compelling investment with significant long-term potential. The property's history as a replacement for a high-performing Family Dollar further underscores its strategic value and consistent demand within the community.

996 Barn St, Hooversville, Pennsylvania

Location Insight

City
Hooversville
County
Somerset
State
Pennsylvania
Latitude
40.1447
Longitude
-78.9146

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