435 7Th StIndiana, PA 15701

Property Details for 435 7Th St

Year built

2012

Lot size

1.30 AC

Property size (Sq ft)

14,300 SF

Property type

Grocery and convenience stores

APN

23-006-520

APU

23006520

Description

This exceptional investment opportunity presents a 14,285 square foot Dollar General storefront located at 435 S 7th St, Indiana, PA 15701. The property sits on a 1.84-acre lot and boasts a strong 7.20% cap rate, generating a net operating income (NOI) of $163,900. The property is currently 100% occupied by a credit-rated Dollar General, operating under a triple-net (NNN) lease with a remaining term of 14.8 years, expiring August 31, 2039. The lease commenced October 27, 2022, and includes three five-year options with a 10% rent increase at each option. This single-story building was renovated in 2022. The property benefits from its location in an Opportunity Zone, high site visits (top 2% nationally for Dollar General stores), and proximity to Indiana University of Pennsylvania, contributing to a high average daily traffic count of 9,536. A Dunkin Donuts is currently under construction next door, further enhancing the property's desirability and potential for increased foot traffic. The lease is corporate-guaranteed by Dollar General Corporation and carries an investment-grade rating of BBB by Standard & Poor's. The asking price is $2,276,390, translating to a price per square foot of $159.36. This is a rare opportunity to acquire a high-performing, stable, and well-located net lease investment. The property's strong tenant, long lease term, and favorable location make it an attractive investment for discerning buyers.

Location Insight

City

Indiana

County

Indiana

State

Pennsylvania

Latitude

40.6172

Longitude

-79.153

CBSA code

26860

CBSA name

INDIANA, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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