996 Barn StHooversville, PA 15936
- Retail properties
- 8,000 SF
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.
Location Insight
- City
- Hooversville
- County
- Somerset
- State
- Pennsylvania
- Latitude
- 40.1447
- Longitude
- -78.9146
Comparable in this City
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].