Dollar General Net-Leased Retail
For Sale
Contact for pricing
1200 PITTSBURGH ST, Cheswick, PA 15024
The corporate-backed lease extends through May 2036 and includes three five-year renewal options.
Property Size11,541 SF
Price / SF$134.30
Days on Market9
Property Features for 1200 PITTSBURGH ST
General Information
Standard status
Active
Size
11,541 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #177814
(888) 737-2264
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:25PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 11,541-square-foot retail building in Cheswick is leased to Dollar General under a 10-year agreement running through May 2036. The lease includes three five-year renewal options, each with 10% rent escalations, and a guaranty from Dollar General Corporation, rated BBB by S&P.
The property is at 1200 Pittsburgh St within Cheswick Shopping Center. Pittsburgh Street carries 17,000 vehicles per day, with access to Interstate 76, reporting 40,000 vehicles per day, and the Allegheny Valley Expressway, reporting 53,000. Downtown Pittsburgh is approximately 17 miles away. Nearby national retailers include Target, Giant Eagle, Goodwill, Valvoline, Sheetz, and Ford.
The property is at 1200 Pittsburgh St within Cheswick Shopping Center. Pittsburgh Street carries 17,000 vehicles per day, with access to Interstate 76, reporting 40,000 vehicles per day, and the Allegheny Valley Expressway, reporting 53,000. Downtown Pittsburgh is approximately 17 miles away. Nearby national retailers include Target, Giant Eagle, Goodwill, Valvoline, Sheetz, and Ford.
Key Highlights
- 11,541‑square‑foot retail building leased to Dollar General
- 10‑year lease runs through May 2036
- Three 5‑year renewal options, each with 10% rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$134,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,690,200
$2.7M
Cap Rate 7%
$1,921,571
$1.9M
Cap Rate 9%
$1,494,556
$1.5M
Market Conditions
NOI Build-Up for 11,541 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$207.7K $18.00/SF
− Vacancy
−$15.6K −$1.35/SF
EGI
$192.2K $16.65/SF
− OpEx
−$57.6K −$5.00/SF
NOI
$134.5K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,690,200
Cap Rate 7%
$1,921,571
Cap Rate 9%
$1,494,556
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,510 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,777 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Apparel 16%
Dining 10%
Sheetz
Shops & Services
20,711 visits/mo
0.3 miles
Goodwill
Apparel
4,956 visits/mo
0.1 miles
Sunoco
Shops & Services
2,267 visits/mo
0.2 miles
SUBWAY
Dining
2,212 visits/mo
0.1 miles
Domino's Pizza
Dining
794 visits/mo
0.1 miles
Demographics for 15024, PA
8,943
Population
3,975
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
511
Density / Sq Mi
$85,625
Median Household Income
$55,786
Median Earnings
$1,078
Median Rent
$217,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - The corporate-backed lease extends through May 2036 and includes three five-year renewal options.
Where is this nnn property located?
The property is located at 1200 PITTSBURGH ST Cheswick, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11,541‑square‑foot retail building leased to Dollar General; 10‑year lease runs through May 2036; Three 5‑year renewal options, each with 10% rent escalations
