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1830 Pennsylvania Ave West Mifflin, PA 15122

Sponsored
For Sale
$2,060,239

West Mifflin, PA Retail Property - Strong Tenant

Property size:
12,480 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fee-simple, Class A, 12,480 square foot Dollar General store in West Mifflin, Pennsylvania. The property boasts a strong absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The lease, originally commencing July 28, 2013, has a remaining term of approximately 8.7 years, with three 5-year options at 10% rent increases each. The current annual net operating income (NOI) is $144,216, representing a 7.00% cap rate on the $2,060,239 asking price. Located on a 2.2-acre lot at 1830 Pennsylvania Ave, West Mifflin, PA 15122, this single-story building was constructed in 2013 and benefits from a high-traffic location within a densely populated area. The property's strong demographics, including an average household income of $84,965 within a 5-mile radius and approximately 153,973 people within the same radius, contribute to its exceptional investment potential. Dollar General's long-term commitment, evidenced by a recent five-year lease extension, further solidifies this asset's value. The property's size and location make it an ideal investment for those seeking a stable, high-performing retail asset with significant upside potential. The property is approximately 11 miles from Downtown Pittsburgh.

Property Features for 1830 Pennsylvania Ave

General Information

Property type
Individual retail properties
Square Feet
12,480 SF
Class
A
Lot Size
95,832 SF

Building Details

Year Built
2013
Buildings
1
Stories
1
Units
1

HighLights

  • Absolute NNN lease; no landlord responsibilities.
  • Approximately 8.7 years remaining lease term with three 5‑year options.
  • Dollar General recently extended lease for five years.
  • 10% rent increases per option period.
  • $84,965 average household income within a 5‑mile radius.
  • Approximately 153,973 people within a 5‑mile radius.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

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
West Mifflin
County
Allegheny
State
Pennsylvania
Longitude
-79.862717566317
Latitude
40.362077619684

FAQs

What type of property is this?
Individual retail property - West Mifflin, PA Retail Property - Strong Tenant
Where is this individual retail property located?
The property is located at 1830 Pennsylvania Ave West Mifflin, PA.
What is the asking price?
The asking price for this property is $2,060,239.
What are key features of this property?
This property features: Absolute NNN lease; no landlord responsibilities.; Approximately 8.7 years remaining lease term with three 5-year options.; Dollar General recently extended lease for five years.
More about this property
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