Dollar General NNN Retail
For Sale
Contact for pricing
367 Morgantown St, Uniontown, PA 15401
New construction features a long-term absolute NNN lease with corporate guaranty and no landlord responsibilities.
Property Size9,026 SF
Price / SF$245.23
Days on Market39
Property Features for 367 Morgantown St
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$143,875
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Units
1
Tenancy
Single
Listing Agency:
Foundry Real Estate Development
Listed By:
Brendan Eisenbrandt · License #PA RS330265
Source:
Crexi
Added: Jul 29
Changed: Aug 16
Last Checked: Sep 4 at 5:40PM
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 Foundry Real Estate Development
Investment Insights
Based on property information with market context.
Completed in 2026, this 9,026-square-foot Dollar General store is structured under an absolute NNN lease, placing responsibility for property costs with the tenant. The lease includes a fresh 15-year primary term, 5% rental increases every 5 years, and a BBB corporate guaranty from Dollar General Corporation as rated by S&P. The arrangement also provides zero landlord responsibilities.
The property occupies 367 Morgantown St in Uniontown, Pennsylvania, along Morgantown Street and US Route 119. The corridor serves as a north-south route through Uniontown and connects the community with Morgantown, West Virginia. Uniontown is the county seat of Fayette County and functions as a governmental, healthcare, and retail center for the surrounding area. The trade area is approximately 123,000 residents, with Pittsburgh approximately 40 miles northwest via the Mon-Fayette Expressway.
The property occupies 367 Morgantown St in Uniontown, Pennsylvania, along Morgantown Street and US Route 119. The corridor serves as a north-south route through Uniontown and connects the community with Morgantown, West Virginia. Uniontown is the county seat of Fayette County and functions as a governmental, healthcare, and retail center for the surrounding area. The trade area is approximately 123,000 residents, with Pittsburgh approximately 40 miles northwest via the Mon-Fayette Expressway.
Key Highlights
- 9,026‑square‑foot Dollar General store completed in 2026
- Absolute NNN lease with zero landlord responsibilities
- Fresh 15‑year primary lease term
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
$97,481
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
4.40%
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%
$1,949,620
$1.9M
Cap Rate 7%
$1,392,586
$1.4M
Cap Rate 9%
$1,083,122
$1.1M
Market Conditions
NOI Build-Up for 9,026 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
$135.4K $15.00/SF
− Vacancy
−$5.4K −$0.60/SF
EGI
$130.0K $14.40/SF
− OpEx
−$32.5K −$3.60/SF
NOI
$97.5K $10.80/SF
Area
Fayette County, PA
Vacancy
4.00%
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%
$1,949,620
Cap Rate 7%
$1,392,586
Cap Rate 9%
$1,083,122
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,481 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,822 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,934 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Home Improvements & Furnishings 17%
Groceries 11%
Shops & Services 10%
McDonald's
Dining
24,931 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
13,116 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,379 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
8,690 visits/mo
0.5 miles
KFC
Dining
6,918 visits/mo
0.1 miles
Demographics for 15401, PA
30,619
Population
15,598
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
91%
High-School Grad
55.4 sq mi
ZIP Area
553
Density / Sq Mi
$52,051
Median Household Income
$40,959
Median Earnings
$761
Median Rent
$151,600
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 - New construction features a long-term absolute NNN lease with corporate guaranty and no landlord responsibilities.
Where is this nnn property located?
The property is located at 367 Morgantown St Uniontown, PA.
What is the asking price?
The asking price for this property is $2,213,460.
What are key features of this property?
This property features: 9,026‑square‑foot Dollar General store completed in 2026; Absolute NNN lease with zero landlord responsibilities; Fresh 15‑year primary lease term
