Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3271 PA-118 Dallas, PA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

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

    Type:RETAIL
    Property size:
    10,640 SF
    Lot size:
    1.26 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    228
    Last Refresh:
    Mar 29 at 11:20 pm

    Property Features for 3271 PA-118

    General Information

    Standard status
    Active
    Size
    10,640 SF
    Lot size
    1.26 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Josh Bishop
    Josh Bishop

    Listing agent Josh Bishop

    Listing office Matthews Real Estate Investment Services | Dallas

    Listing date Aug 18, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas

    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
    -75.9633
    Latitude
    41.3362

    Nearby Similar for Sale

    • $400,000
      2,700 SF

      Award-Winning Restaurant with Owner's Quarters

      Established restaurant and bar with living space in Dallas, PA.
      700 Main Road, Dallas, PA 18612
      View Details
    • $299,000
      2,624 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring a salon and a 3-bedroom apartment.
      1004 Lower Demunds Road, Dallas, PA 18612
      View Details
    • $215,000
      1,595 SF

      Dallas Duplex with Modern Units

      Two modern one-bedroom apartments on 0.78 acres in Dallas.
      1000 Lower Demunds Road, Dallas, PA 18612
      View Details
    • $249,500
      2,477 SF

      Dallas PA Multi-Unit Investment Property

      Three-unit property in Dallas Township with potential commercial uses.
      680 Main Road, Dallas, PA 18612
      View Details
    • $215,000
      1,728 SF

      Dallas Duplex with Separate Utilities

      Centrally located duplex in Dallas Township with separate utilities.
      695 Main Street, Dallas, PA 18612
      View Details
    • Contact for pricing
      43,155 SF

      Retail Space in Dallas, PA

      Retail spaces available in high-traffic Dallas, Pennsylvania shopping center.
      2859 Tunkhannock Highway, Dallas, PA 18612
      View Details
    • $299,000
      2,600 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring a salon and a three-bedroom apartment.
      1004 Lower Demunds Rd, Dallas, PA 18612
      View Details
    • $400,000
      2,700 SF

      Award-Winning Restaurant with Owner's Quarters

      Seafood and steak restaurant with living space and parking.
      700 Main Road, Dallas, PA 18612
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Bishop
    Josh Bishop
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!