DOLLAR GENERAL

523 Franklin Ave, Vandergrift, PA 15690
$1,194,117

Cap Rate
8.50%
Year Built
1970/R2018
Leasable Area
8,795 SF
Term Remaining
±5 Yrs
NOI
$101,500
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Over 5 Years Remaining: On the primary lease term including three, 5-year options with 10% rental increases.
  • Investment Grade Credit: Corporate Guarantee by Dollar General, which boasts a S&P credit rating of BBB.
  • Limited Landlord Responsibilities: NN+ lease structure making this a hands-off opportunity for any investor.
  • Local Positioning: Strategically located in the main town of Vandergrift, PA providing easy access to the storefront for local residents.
  • Robust Population Density: Over 29,000 people living within a 5-mile radius providing a strong customer base for this store.
  • Pittsburgh MSA: Located less than 25 miles from downtown Pittsburgh, PA further solidifying the strong customer base and strategic site location from the tenant.
  • Recent Backfill and Renovations: Dollar General renovated and entered the location in 2018 demonstrating a long-term commitment to site.

Broker of Record

  • Kyle Matthews
  • License No. RB068831 (PA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203