1555 Washington BlvdMcKeesport, PA 15133

Property Details for 1555 Washington Blvd

Lot size

0.86 AC

Property type

Land

Property subtype

Commercial land

APN

466-E-93

APU

466E93

Description

This exceptional investment opportunity presents a 10,566 square foot Dollar General storefront located at 1555 Washington Blvd, McKeesport, PA 15133. The property sits on a 0.93-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing May 8, 2023, and expiring May 30, 2038. This leaves a substantial 13.5-year remaining lease term. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $128,788, resulting in a 6.50% cap rate. Built in 2023, this single-story building is situated in a densely populated area with over 132,000 people within a 5-mile radius and an average daily traffic count of 3,657. The property is zoned commercial and benefits from three five-year lease options. The asking price is $1,981,355. This is a truly passive investment opportunity with a strong tenant and significant upside potential. The property is offered as a sale by owner.

Location Insight

City

Mckeesport

County

Allegheny

State

Pennsylvania

Latitude

40.3332

Longitude

-79.8796

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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