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    3271 Pa-118 Dallas, PA

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    For Sale
    $2,002,395

    New construction Dollar General with long-term absolute NNN lease.

    Property size:
    10,640 SF
    Lot size:
    1.26 Acres

    Property Features for 3271 Pa-118

    General Information

    Size
    10,640 SF
    Lot size
    1.26 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Josh Bishop

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

    Overview

    New Dollar General NNN Lease

    This property features a new build-to-suit construction for Dollar General, completed in February 2024. It is a larger Dollar General PLUS prototype, encompassing a 10,640 square feet building. The property is under a 15-year absolute NNN lease, commencing in February 2024, ensuring zero landlord management responsibilities. Rental increases are set at 5% every five years for the life of the lease. The property is located in Dallas, within the Scranton – Wilkes-Barre MSA, which has a population of 574,009 residents. The average household income in the area is $117,573. The property serves a broad trade area with a population of over 173,682 residents within a ±10-mile radius.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Dallas
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9632546
    Latitude
    41.3361911

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    FAQs

    What type of property is this?
    Grocery and convenience store - New construction Dollar General with long-term absolute NNN lease.
    Where is this grocery and convenience store located?
    The property is located at 3271 Pa-118 Dallas, PA.
    What is the asking price?
    The asking price for this property is $2,002,395.
    What are key features of this property?
    This property features: - 15-year absolute NNN lease, commenced February 2024; - Brand new 2024 build-to-suit construction for Dollar General; - **Larger Dollar General PLUS prototype with 10,640 SF building**
    (315) 730-6228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3271 Pa-118 Dallas, PA
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