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    3414 Roy Furman Hwy Waynesburg, PA 15370

    For Sale
    $1,308,077

    Waynesburg, PA Retail Property - 7.75% Cap Rate

    Property size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fee-simple, 9,100 square foot Dollar General convenience and grocery store located at 3414 W Roy Furman Hwy, Waynesburg, PA 15370. Built in 2018 on a 2.605-acre lot, this property boasts 100% occupancy with a long-term, absolute NNN lease featuring zero landlord responsibilities. The lease, corporately guaranteed by Dollar General (rated BBB by Standard & Poor's), has over nine years remaining and includes three, five-year renewal options with 10% rent increases each. The property enjoys excellent visibility on a major thoroughfare (4,817 vehicles per day) and benefits from its proximity to Waynesburg University and Washington Health System. The strong NOI of $101,376 contributes to an attractive 7.75% cap rate and a price per square foot of $143.74. The asking price is $1,308,077. The oversized lot provides potential for future redevelopment. This is an ideal investment for a passive investor seeking a stable, high-performing asset in a desirable market serving a community with an average household income of $69,767 within a 5-mile radius. The property's strategic location and strong tenant make it a compelling investment opportunity. The property's location within a submarket where 70% of Dollar General stores serve communities under 20,000 residents further enhances its appeal.

    Property Features for 3414 Roy Furman Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,100 SF
    Lot Size
    113,474 SF

    Building Details

    Year Built
    2018

    HighLights

    • Investment‑grade corporate guarantee by Dollar General (BBB rated by S&P).
    • Absolute NNN lease with over nine years remaining and three five‑year renewal options, featuring 10% rent increases.
    • Ideal Dollar General submarket; 70% of Dollar General stores serve communities under 20,000 residents.
    • 10% rent increases in each of three renewal options.
    • 2018 build‑to‑suit construction.
    • Excellent visibility on W. Roy Furman Hwy (4,817 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Convenience Store Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Dental Office Auto Repair Shop Auto Parts Store Department Store Food Market Cafe & Coffee Shop Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Greene
    State
    Pennsylvania
    Longitude
    -80.2622334
    Latitude
    39.8799879

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    FAQs

    What type of property is this?
    Individual retail property - Waynesburg, PA Retail Property - 7.75% Cap Rate
    Where is this individual retail property located?
    The property is located at 3414 Roy Furman Hwy Waynesburg, PA.
    What is the asking price?
    The asking price for this property is $1,308,077.
    What are key features of this property?
    This property features: Investment-grade corporate guarantee by Dollar General (BBB rated by S&P).; Absolute NNN lease with over nine years remaining and three five-year renewal options, featuring 10% rent increases.; Ideal Dollar General submarket; 70% of Dollar General stores serve communities under 20,000 residents.
    Request Owner's contact information
    3414 Roy Furman Hwy Waynesburg, PA 15370
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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
    3414 Roy Furman Hwy Waynesburg, PA 15370
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