7609 Waterfall Rd - Freestanding FOR SALE


Hustontown, PA 17229
$1,879,923 USD
714-875-2400
7609 Waterfall Rd, Hustontown, PA for Sale
$1,879,923 USD
Freestanding - FOR SALE
1/1
null | 5.25% Cap Rate

7609 Waterfall Rd
Hustontown, PA 17229


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,879,923 USD

PRICE/SF

$207 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

08-01-009A.-000

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.