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    1165 Walnut Hill Rd Smithfield, PA 15478

    Sponsored
    For Sale
    $1,832,580

    Smithfield, PA: High-Yield Retail Opportunity

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a newly constructed, 10,640 square foot Dollar General store located at 1165 Walnut Hill Rd, Smithfield, PA 15478. The property boasts a 15-year absolute NNN lease, commencing December 30, 2023, and expiring December 31, 2038, with a substantial remaining lease term of 14.1 years. The lease includes 5% rent increases every five years and three five-year renewal options, ensuring consistent and growing income. The property sits on a 1.2-acre lot and benefits from a high-traffic location with an average daily traffic count of 2,919 and a population of over 25,000 within a 5-mile radius. The tenant, Dollar General, is investment-grade rated BBB by Standard & Poor's, providing significant financial security. With a 6.50% cap rate and a Net Operating Income (NOI) of $119,118, this single-tenant, single-story building represents a compelling, low-maintenance investment with zero landlord responsibilities. The asking price is $1,832,580, translating to $172.23 per square foot. The property is zoned commercial and was built in 2023. This is a turnkey investment ideal for passive income seekers. All aspects of the property are in excellent condition.

    Property Features for 1165 Walnut Hill Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 5% rent increases every five years.
    • Strong demographics: 25,000+ population within a 5‑mile radius.
    • 15‑year absolute NNN lease with three, five‑year options.
    • Zero landlord responsibilities.
    • Rent commenced December 2023.
    • Corporate guarantee by Dollar General Corporation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Grocery Store

    Suggested Use

    Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Fayette
    State
    Pennsylvania
    Longitude
    -79.8115734
    Latitude
    39.8646109

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    FAQs

    What type of property is this?
    Individual retail property - Smithfield, PA: High-Yield Retail Opportunity
    Where is this individual retail property located?
    The property is located at 1165 Walnut Hill Rd Smithfield, PA.
    What is the asking price?
    The asking price for this property is $1,832,580.
    What are key features of this property?
    This property features: 5% rent increases every five years.; Strong demographics: 25,000+ population within a 5-mile radius.; 15-year absolute NNN lease with three, five-year options.
    Request Owner's contact information
    1165 Walnut Hill Rd Smithfield, PA 15478
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    Smithfield, PA 15478
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1165 Walnut Hill Rd Smithfield, PA 15478
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