Dollar General NNN Investment
1555 Washington Blvd McKeesport, PA 15133
1555 Washington Blvd, McKeesport, PA, 15133
Contact for pricing
For Sale
Contact for pricing
Pending
NNN leased Dollar General with corporate guarantee and rent increases.
Property Size10,566 SF
Days on Market1197
Property Features for 1555 Washington Blvd
General Information
- Standard status
- Pending
- Size
- 10,566 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency
Foundry Real Estate Development
Listed by
Brendan Eisenbrandt · License #PA RS330265
Source
Crexi
Added: Apr 11, 2023 Checked: Jul 19 at 9:26 am
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.
This property is subject to a 15-year absolute NNN lease with zero landlord responsibilities. The lease commenced on May 9, 2023, and includes 3 five-year options. Rent increases of 5% are scheduled every 5 years. The lease is corporate guaranteed by Dollar General Corporation, which holds an investment-grade rating of BBB by Standard and Poor’s. The property is located within a 5-mile radius of a population exceeding 131,000. The property is suitable for commercial real estate and NNN investment purposes.
Key Highlights
- Corporate Guaranteed by Dollar General Corporation (Investment grade rated BBB by Standard and Poor’s)
- 15‑yr Absolute NNN Lease (Zero Landlord Responsibilities)
- Enjoy -5% Rent Increases Every 5yrs
Local Financial Insights For 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 | $190.2k | $18.00 |
| − Vacancy | −$14.3k | −$1.35 |
| EGI | $175.9k | $16.65 |
| − OpEx | −$52.8k | −$5.00 |
| NOI | $123.1k | $11.66 |
10,566 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,147 @ 7.0% cap · market cap 6.45%
Second Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,794 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,393 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Dollar General with corporate guarantee and rent increases.
Where is this grocery and convenience store located?
The property is located at 1555 Washington Blvd McKeesport, PA.
What is the asking price?
The asking price for this property is $1,907,965.
What are key features of this property?
This property features: Corporate Guaranteed by Dollar General Corporation (Investment grade rated BBB by Standard and Poor’s); 15‑yr Absolute NNN Lease (Zero Landlord Responsibilities); Enjoy -5% Rent Increases Every 5yrs
