431 Cmns DrDuBois, PA 15801

Property Details for 431 Cmns Dr

Year built

2003

Lot size

1.76 AC

Property size (Sq ft)

13,824 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple, 13,824 square foot Rite Aid property in DuBois, Pennsylvania. The property boasts a 100% absolute NNN lease with a corporate guarantee, offering significant financial stability. The lease, originally commencing January 24, 2003, and expiring January 23, 2033, has over 8 years remaining, with built-in rent bumps of 10% in 2026, 14% in 2028, and further increases in option periods. The current asking price is $2,735,000, representing a compelling cap rate of 8.50% and a price per square foot of $197.84. The property features 72 parking spaces and sits on a 1.76-acre lot in a high-traffic retail corridor, benefiting from its prominent location near major retailers including Walmart, Lowe's, and other national brands. The property's strong tenant history, exceeding 20 years, and the attractive lease terms make this a highly desirable investment. The Net Operating Income (NOI) is $232,500. The property is zoned C and includes two lease options: one for 5 years and another for 4 years and 11 months. This single-story, 2003-built building offers a secure and profitable investment opportunity with substantial long-term growth potential. The property's location at 431 Commons Dr, DuBois, PA 15801, provides excellent visibility and accessibility. The APN is C03-653-00074.

Location Insight

City

DuBois

County

Clearfield

State

Pennsylvania

Latitude

41.1236

Longitude

-78.7339

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