Dollar General NNN Retail
For Sale
Contact for pricing
1650 MAIN ST OLYPHANT PA 18447-1334, Olyphant, PA 18447
Single-tenant retail asset supported by a newly executed long-term NNN lease.
Property Size10,669 SF
Price / SF$201.34
Days on Market41
Property Features for 1650 MAIN ST OLYPHANT PA 18447-1334
General Information
Standard status
Active
Size
10,669 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$144,999
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Steven Hansen · License #AZ 167350
Source:
Crexi
Added: Jul 22
Changed: Aug 30
Last Checked: Aug 30 at 11:59AM
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.
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 = 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
$114,985
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
5.35%
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%
$2,299,700
$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
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
$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 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%
$2,299,700
Cap Rate 7%
$1,642,643
Cap Rate 9%
$1,277,611
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,985 @ 7.0% cap · market cap 5.35%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $100,262 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,559 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
