3414 Roy Furman Hwy Waynesburg, PA 15370
- Retail properties
- 9,100 SF
- 2.61 lot acres
Current Use by Public Records
- Dollar General / Convenience Store / Dollar Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
Property Details for 3414 Roy Furman Hwy
- Year built
- 2018
- Lot size
- 2.61 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waynesburg
- County
- Greene
- State
- Pennsylvania
- Longitude
- -80.2622
- Latitude
- 39.88
