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    1555 Washington Blvd McKeesport, PA 15133

    Sponsored
    For Sale
    $1,981,355

    High-yield, low-maintenance retail investment.

    Property size:
    10,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 10,566 square foot Dollar General storefront located at 1555 Washington Blvd, McKeesport, PA 15133. The property sits on a 0.93-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing May 8, 2023, and expiring May 30, 2038. This leaves a substantial 13.5-year remaining lease term. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $128,788, resulting in a 6.50% cap rate. Built in 2023, this single-story building is situated in a densely populated area with over 132,000 people within a 5-mile radius and an average daily traffic count of 3,657. The property is zoned commercial and benefits from three five-year lease options. The asking price is $1,981,355. This is a truly passive investment opportunity with a strong tenant and significant upside potential. The property is offered as a sale by owner.

    Property Features for 1555 Washington Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,566 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,981,355 asking price for a 10,566 SF Dollar General storefront in McKeesport, PA.
    • Absolute NNN net lease with a credit‑rated tenant.
    • 15‑year lease (13.5 years remaining) commencing May 8, 2023, with 5% rent bumps every 5 years and three five‑year options.
    • 6.50% cap rate and $128,788 annual NOI.
    • Located on a 0.93‑acre lot with high traffic counts (3,657 ADT) and a large population (132,000+) within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McKeesport
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.879777
    Latitude
    40.3331093

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, low-maintenance retail investment.
    Where is this individual retail property located?
    The property is located at 1555 Washington Blvd McKeesport, PA.
    What is the asking price?
    The asking price for this property is $1,981,355.
    What are key features of this property?
    This property features: $1,981,355 asking price for a 10,566 SF Dollar General storefront in McKeesport, PA.; Absolute NNN net lease with a credit-rated tenant.; 15-year lease (13.5 years remaining) commencing May 8, 2023, with 5% rent bumps every 5 years and three five-year options.
    Request Owner's contact information
    1555 Washington Blvd McKeesport, PA 15133
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    McKeesport, PA 15133
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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
    1555 Washington Blvd McKeesport, PA 15133
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