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406 E Main St Corry, PA 16407

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For Lease
$760,000

NNN leased Dollar General store in Corry, PA for rent.

Building Details

Year built
2004

Source: Doug Passon Agent Doug Passon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Dollar General Investment Opportunity

This Dollar General store is located in Corry, PA. The property is encumbered with a NNN lease that is currently on its 2nd option. There are zero landlord responsibilities and one, five-year option to renew. The lease has a corporate guarantee from Dollar General, which has a “BBB” S&P rating and is considered an investment grade tenant. The property is strategically located on the corner of E Main Street, which sees 4,700 vehicles per day, and East Street. This Dollar General is situated in a high populous area with the 5 mile population exceeding 9,553. The five mile median home value exceeds $94,540 and the five-mile average household income exceeds $58,942. The property 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 building has 8,102 square feet and is positioned on 0.64 acres. There are 10% rent bumps at options.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Western Union Money Transfer Service Dollar General Grocery Store FedEx OnSite Mailing Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Corry
County
Erie
State
Pennsylvania
Longitude
-79.632693
Latitude
41.92103

FAQs

What type of property is this?
Storefront property - NNN leased Dollar General store in Corry, PA for rent.
Where is this storefront property located?
The property is located at 406 E Main St Corry, PA.
What are key features of this property?
This property features: - Corporate guaranteed NNN lease from Dollar General with a "BBB" S&P rating, an investment-grade tenant.; - NNN Lease on its 2nd Option with zero landlord responsibilities.; - Strategically located on the corner of E Main Street (4,700 VPD) and East Street in a high populous area.
More about this property
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