New Dollar General NNN
3271 PA-118 Dallas, PA
For Sale
Contact for pricing
New construction Dollar General with long-term absolute NNN lease.
Property Size10,640 SF
Lot Size1.26 Acres
Price / SF$188.20
Days on Market343
Property Features for 3271 PA-118
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Lot size
- 1.26 Acres
- Property subtype
- RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(315) 730-6228
Listed By:
Josh Bishop · License #180759(OK)
(315) 730-6228
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:07AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $15.00 |
| − Vacancy | −$6.7k | −$0.63 |
| EGI | $152.9k | $14.37 |
| − OpEx | −$38.2k | −$3.59 |
| NOI | $114.7k | $10.78 |
10,640 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,673 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$1.26M
$1.11M – $1.47M
NOI $88,482 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,953 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
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**
