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    1661 State Route 56 Spring Church, PA 15686

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    For Sale
    $1,319,000

    NNN leased Dollar General with corporate guarantee and passive income.

    Property size:
    9,100 SF
    Lot size:
    1.85 Acres

    Property Features for 1661 State Route 56

    General Information

    Size
    9,100 SF
    Lot size
    1.85 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

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

    Overview

    Dollar General Investment Opportunity

    This property is leased to Dollar General, which has over 7 years remaining on its current lease. The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and established discount store with more than 20,000 locations in 47 states as of February 2024. The tenant is responsible for CAM, taxes, insurance, and all aspects of premises maintenance, presenting an ideal, management-free investment opportunity. Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion. The company opened 1,050 new stores across the U.S. in 2023, expanding its presence to 47 states throughout the country. The property contains 9,100 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Food Market Grocery Store Diner

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Church
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.4894688
    Latitude
    40.6064318

    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased Dollar General with corporate guarantee and passive income.
    Where is this grocery and convenience store located?
    The property is located at 1661 State Route 56 Spring Church, PA.
    What is the asking price?
    The asking price for this property is $1,319,000.
    What are key features of this property?
    This property features: - Corporate guaranteed lease by Dollar General, Corp. (S&P: BBB); - Tenant handles CAM, taxes, insurance, and all maintenance; - **7+ years remaining on the current lease**
    (202) 286-1542
    Request Owner's contact information
    1661 State Route 56 Spring Church, PA 15686
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    Spring Church, PA 15686
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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
    1661 State Route 56 Spring Church, PA 15686
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