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1712 Lincoln Hwy North Versailles, PA 15137

Sponsored
For Sale
$1,850,000

High-yield, 10,000 SF Dollar General

Property size:
10,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 10,000-square-foot Dollar General storefront located at 1712 Lincoln Hwy, North Versailles, PA 15137. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $129,500. Secured by a 10-year NNN lease with a credit-rated tenant, this investment offers minimal landlord responsibilities. The lease commenced March 17, 2023, and includes three five-year renewal options with a 10% rent increase at each option. The property sits on a 1.1-acre lot and provides 49 parking spaces. Built in 2023, this single-story building is situated in a high-traffic area with an average daily traffic count of 23,732 and serves a population exceeding 132,000 within a 5-mile radius. The property is zoned commercial and benefits from a 100% occupancy rate. This is a single-tenant, single-building investment with a remaining lease term of approximately 8.4 years, offering a secure and passive income stream. The tenant, Dollar General Corporation, is investment grade rated BBB by Standard and Poor's, providing further assurance and stability. The asking price is $1,850,000, translating to $185 per square foot.

Property Features for 1712 Lincoln Hwy

General Information

Property type
Individual retail properties
Square Feet
10,000 SF
Lot Size
47,916 SF

Building Details

Year Renovated
2023
Buildings
1
Stories
1
Units
1

HighLights

  • $1,850,000 asking price for a 10,000 SF Dollar General storefront on a 1.1‑acre lot in North Versailles, PA.
  • 10‑year NNN lease with a 7% cap rate and $129,500 annual NOI.
  • Credit‑rated tenant with minimal landlord responsibilities; lease commenced March 2023.
  • Strong demographics: 132,000+ population within 5 miles and 23,732 average daily traffic count.
  • Building features 49 parking spaces and underwent renovations in 2023.
  • Lease includes three five‑year renewal options with 10% rent bumps each.
Property Profile Location Intelligence

Current Use by Public Records

USS Fight Academy Boxing Gym Dollar General Dollar Store

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
North Versailles
County
Allegheny
State
Pennsylvania
Longitude
-79.7854115
Latitude
40.3696565

FAQs

What type of property is this?
Individual retail property - High-yield, 10,000 SF Dollar General
Where is this individual retail property located?
The property is located at 1712 Lincoln Hwy North Versailles, PA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: $1,850,000 asking price for a 10,000 SF Dollar General storefront on a 1.1-acre lot in North Versailles, PA.; 10-year NNN lease with a 7% cap rate and $129,500 annual NOI.; Credit-rated tenant with minimal landlord responsibilities; lease commenced March 2023.
More about this property
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