1830 Pennsylvania AveWest Mifflin, PA 15122

Property Details for 1830 Pennsylvania Ave

Lot size

2.27 AC

Property type

Outlet malls

APN

306-E-1

APU

306E1

Description

This exceptional investment opportunity presents a fee-simple, Class A, 12,480 square foot Dollar General store in West Mifflin, Pennsylvania. The property boasts a strong absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The lease, originally commencing July 28, 2013, has a remaining term of approximately 8.7 years, with three 5-year options at 10% rent increases each. The current annual net operating income (NOI) is $144,216, representing a 7.00% cap rate on the $2,060,239 asking price. Located on a 2.2-acre lot at 1830 Pennsylvania Ave, West Mifflin, PA 15122, this single-story building was constructed in 2013 and benefits from a high-traffic location within a densely populated area. The property's strong demographics, including an average household income of $84,965 within a 5-mile radius and approximately 153,973 people within the same radius, contribute to its exceptional investment potential. Dollar General's long-term commitment, evidenced by a recent five-year lease extension, further solidifies this asset's value. The property's size and location make it an ideal investment for those seeking a stable, high-performing retail asset with significant upside potential. The property is approximately 11 miles from Downtown Pittsburgh.

• CAP approach

  CAP return

  Valuation

  6%

  $34,637,280

  6.5%

  $31,972,876

  7%

  $29,689,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,880,528

  Geo Method

  $49,880,528

• Alternative Use

  Use

  Valuation

  Residential

  $26,970,316

  Hospitality

  $24,704,666

  Educational

  $20,553,992

  Medical

  $21,260,874

  Retail

  $31,972,876

Location Insight

City

West Mifflin

County

Allegheny

State

Pennsylvania

Latitude

40.3625

Longitude

-79.8628

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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