2593 Benjamin Franklin HwyEdinburg, PA 16116

Property Details for 2593 Benjamin Franklin Hwy

Lot size

0.92 AC

Property size (Sq ft)

4,976 SF

Zone code

MUX

Property type

Medical offices

Property subtype

Medical centers

APN

24-030900

APU

24030900

Description

This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 2593 Benjamin Franklin Hwy, Edinburg, PA 16116. The property sits on a 3-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing November 21, 2023, and expiring November 30, 2038. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and ensuring consistent income growth. With a current NOI of $119,940 and a 6.50% cap rate, this property offers a compelling return on investment. The property benefits from a strong location, serving a population of over 21,800 within a 5-mile radius and experiencing an average daily traffic count of 6,713. The building, constructed in 2023, is a single-story structure with commercial zoning. This is a single-tenant property with 100% occupancy. The asking price is $1,845,230, translating to $174.64 per square foot. The lease is corporate-guaranteed by Dollar General Corporation and rated BBB by Standard & Poor's, providing significant investment security. This is a truly passive investment opportunity with minimal management requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $946,321

  6.5%

  $873,527

  7%

  $811,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,455

  Geo Method

  $465,455

• Alternative Use

  Use

  Valuation

  Residential

  $1,083,174

  Hospitality

  $992,182

  Educational

  $825,483

  Medical

  $853,873

  Retail

  $1,284,085

Location Insight

City

Edinburg

County

Lawrence

State

Pennsylvania

Latitude

41.0464

Longitude

-80.429

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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