786 Main StDuke Center, PA 16729

Property Details for 786 Main St

Lot size

1.42 AC

Property type

Land

Property subtype

Commercial land

APN

28-013. -177.00.

APU

2801317700

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General store in Duke Center, Pennsylvania. Built in 2024, the property boasts a 15.1-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced May 3, 2024, and features three 5-year renewal options with 10% rent increases. The current asking price is $1,563,131, representing a compelling 7.25% cap rate and a price per square foot of $146.91. The property sits on a 2.11-acre lot at 786 Main St, Duke Center, PA 16729, offering excellent visibility and over 130 feet of frontage. With a strong NOI of $113,327 and minimal landlord responsibilities, this is an ideal investment for passive income seekers. The property's location offers limited competition, with the nearest similar stores over 7.5 miles away. The single-story building is zoned commercial and enjoys 100% occupancy. This is a stabilized investment with significant long-term potential, backed by a Fortune 500 company. The property's APN is 28-013. -177.00.

• Alternative Use

  Use

  Valuation

  Residential

  $13,578,062

  Hospitality

  $12,437,432

  Educational

  $10,347,797

  Medical

  $10,703,674

  Retail

  $16,096,573

Location Insight

City

Duke Center

County

Mckean

State

Pennsylvania

Latitude

41.9487

Longitude

-78.4747

CBSA code

14620

CBSA name

BRADFORD, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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