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Dollar General 7609 Waterfall Rd

9,100 SF Retail Building Hustontown, PA 17229 £1,483,259 (£163/SF) 5.25% Net Initial Yield

Investment Highlights

  • LONGER TERM LEASE - Over 8 years remaining on the initial term of the lease, followed by three, 5-year options.
  • MINIMAL COMPETITION - The property is more than 10 miles from the nearest discount store or major grocer.
  • LARGER PARCEL SIZE - The property sits on an oversized 2.06 acre parcel.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
  • MAIN THROUGHWAY LOCATION - Dollar General is situated on Waterfall Road/PA-655 (2,497 V.P.D.) which is the main throughway in Hustontown.
  • NATIONALLY RECOGNIZED TENANT - Dollar General is the largest “Small Box” retailer in the nation.

Executive Summary

Prime Net Lease is pleased to present this 9,100 SF Dollar General store located in Hustontown, Pennsylvania. The property is encumbered with a 15-year absolute NNN lease, leaving the landlord with no responsibilities. There are currently 8+ years remaining on the current lease with Three, 5-year options left. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.

This Dollar General is ideally situated on Waterford Road/PA-655, the main throughway in Hustontown (2,497 V.P.D.) connecting residents to neighboring towns. There are 1,282 people within 3 miles of the site, 2,857 people within 5 miles and 4,909 people within 7 miles. There is minimal competition surrounding Dollar General, and the closest dollar store is over 10 miles away, making this go-to store for residents, local businesses, and commuters passing through and serve multiple needs in this market (discount, convenience, food etc.). Nearby uses include Twist & Shake, U.S. Postal Service, F&M Trust, Keller's Country Store and Ridgeline Hardware. The subject property is also adjacent to the PA Turnpike/I-76 which sees 22,903 vehicles passing by daily and is along the route for visitors traveling west on I-76 to Raystown Lake Recreation Area - an 8,300 acre lake that is the largest entirely within Pennsylvania and a popular destination for boating, fishing, camping, hiking and more. Hustontown is situated in Dublin and Taylor Township in northern Fulton County and is just 70 miles west of Harrisburg and 21 miles east of Breezewood.

The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2016
Price
£1,483,259
Price Per SF
£163
Net Initial Yield
5.25%
NOI
£77,871
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
1.26 AC
Frontage
323 ft on Waterfall Road

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-01-009A.-000
Land Assessment
£5,677
Improvements Assessment
£176,163
Total Assessment
£181,839
  • Listing ID: 30402088

  • Date on Market: 19/12/2023

  • Last Updated:

  • Address: 7609 Waterfall Rd, Hustontown, PA 17229

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