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Newly Built Dollar General - Hastings, PA 1251 Theatre Rd

10,566 SF Retail Building Carrolltown, PA 15722 £1,247,319 (£118/SF) 6.50% Net Initial Yield

Investment Highlights

  • 15-yr Absolute NNN Lease
  • Investment Grade Tenant
  • 12,000+ population within 5 miles
  • 5% Rent Increases Every 5 yrs

Executive Summary

5% Rent Increases Every 5 yrs
15-yr Absolute NNN Lease
Zero Landlord Responsibilities
Rent commenced October 2023
3-Five Year Options
Corporate Guaranteed by Dollar General Corporation
Investment grade rated BBB by Standard and Poor’s
12,000+ Population within 5 miles
3,859 Average Daily Traffic count

Attachments

Hastings PA DG OM

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
10,566 SF
Year Built
2023
Price
£1,247,319
Price Per SF
£118
Net Initial Yield
6.50%
NOI
£81,076
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
2.95 AC
Zoning
Commercial
Frontage
325 ft on Theatre Rd

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General
  • Retailer
  • 10,566 SF
  • -
  • NNN
  • Oct 2038
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Retailer 10,566 SF - NNN Oct 2038
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PROPERTY TAXES

Parcel Number 060-075911 Improvements Assessment £0
Land Assessment £665 Total Assessment £665

PROPERTY TAXES

Parcel Number
060-075911
Land Assessment
£665
Improvements Assessment
£0
Total Assessment
£665
(412) 225-7518

Contact

  • Listing ID: 29877359

  • Date on Market: 25/10/2023

  • Last Updated:

  • Address: 1251 Theatre Rd, Carrolltown, PA 15722

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© 2024 CoStar Group

Newly Built Dollar General - Hastings, PA | 1251 Theatre Rd
(412) 225-7518 x

Newly Built Dollar General - Hastings, PA | 1251 Theatre Rd

Brendan Eisenbrandt

(412) 225-7518

(412) 225-7518

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