1712 Lincoln HwyNorth Versailles, PA 15137

Property Details for 1712 Lincoln Hwy

Lot size

1.07 AC

Property type

Outlet malls

APN

645-M-244

APU

645M244

Description

This exceptional investment opportunity presents a 10,000-square-foot Dollar General storefront located at 1712 Lincoln Hwy, North Versailles, PA 15137. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $129,500. Secured by a 10-year NNN lease with a credit-rated tenant, this investment offers minimal landlord responsibilities. The lease commenced March 17, 2023, and includes three five-year renewal options with a 10% rent increase at each option. The property sits on a 1.1-acre lot and provides 49 parking spaces. Built in 2023, this single-story building is situated in a high-traffic area with an average daily traffic count of 23,732 and serves a population exceeding 132,000 within a 5-mile radius. The property is zoned commercial and benefits from a 100% occupancy rate. This is a single-tenant, single-building investment with a remaining lease term of approximately 8.4 years, offering a secure and passive income stream. The tenant, Dollar General Corporation, is investment grade rated BBB by Standard and Poor's, providing further assurance and stability. The asking price is $1,850,000, translating to $185 per square foot.

Location Insight

City

North Versailles

County

Allegheny

State

Pennsylvania

Latitude

40.3696

Longitude

-79.7855

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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