Building Details

Year Built 1999

Tenancy Single

Listing Agency: SURMOUNT

Listed By: Glen Kunofsky · License #NY 49KU1129178 Show Phone

Source: Crexi

Added: Jul 22 Changed: Oct 11 Last Checked: Oct 14 at 8:45PM

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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 SURMOUNT

Investment Insights

Based on property information with market context.

This Dollar General property comprises approximately 10,669 square feet on an estimated 1.07-acre parcel at 1650 Main Street in Olyphant, Pennsylvania. Built in 1999, the freestanding retail asset is occupied under a newly executed NNN lease with a projected commencement date of September 13, 2026.

The lease carries a 12-year initial term, followed by renewal options. Contractual rent increases are scheduled at 5% after Year 6 and at the start of each renewal option. The property’s single-tenant configuration and established retail use provide a straightforward format for evaluating the asset.

Key Highlights

• Dollar General retail property at 1650 Main Street, Olyphant, PA
• Approximately 10,669 square feet on an estimated 1.07‑acre parcel
• New 12‑year NNN lease executed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,985

Cap Rate

5.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,299,700 $2.3M

Cap Rate 7%

$1,642,643 $1.6M

Cap Rate 9%

$1,277,611 $1.3M

Market Conditions

NOI Build-Up for 10,669 SF

Gross rent

$160.0K $15.00/SF

− Vacancy

−$6.7K −$0.63/SF

EGI

$153.3K $14.37/SF

− OpEx

−$38.3K −$3.59/SF

NOI

$115.0K $10.78/SF

Area

Lackawanna County, PA

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,299,700

Cap Rate 7%

$1,642,643

Cap Rate 9%

$1,277,611

Alternative Uses

Best Use

Specialty Retail

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $114,985 @ 7.0% cap · market cap 5.35%

Second Best

Retail

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,262 @ 7.0% cap · market cap 4.67%

Theoretical Best

Office A

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,559 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

CDReload - Online Bitcoin ... Crypto Atm Rite Aid Pharmacy Western Union Bank Coinhub Bitcoin ATM ... Atm higi Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Restaurant Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

683

Businesses Nearby

85k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 39% Shops & Services 38% Dining 23% Beauty & Spa 1%

Giant Food Store Groceries

32,803 visits/mo 0.1 miles

Dunkin' Donuts Dining

19,080 visits/mo 0.1 miles

Dollar Tree Shops & Services

16,422 visits/mo 0.2 miles

Gulf Oil Shops & Services

6,057 visits/mo 0.1 miles

Family Dollar Shops & Services

4,036 visits/mo 0.2 miles

Demographics for 18447, PA

10,362

Population

4,799

Households

2.2

Avg Household Size

45

Median Age

28%

College-Educated

96%

High-School Grad

19.9 sq mi

ZIP Area

521

Density / Sq Mi

$64,276

Median Household Income

$42,470

Median Earnings

$971

Median Rent

$194,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant retail asset supported by a newly executed long-term NNN lease.

Where is this nnn property located?

The property is located at 1650 MAIN ST OLYPHANT PA 18447-1334 Olyphant, PA.

What is the asking price?

The asking price for this property is $2,148,133.

What are key features of this property?

This property features: Dollar General retail property at 1650 Main Street, Olyphant, PA; Approximately 10,669 square feet on an estimated 1.07‑acre parcel; New 12‑year NNN lease executed