1251 Theatre Rd Hastings, PA 16646
- Retail properties
- 10,566 SF
- 2.95 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1251 Theatre Rd
- Year built
- 2023
- Lot size
- 2.95 lot acres
- Property size
- 10,566 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 1251 Theatre Rd, Hastings, PA 16646. The property sits on a 2.95-acre lot and boasts a 15.1-year absolute NNN lease with a 6.50% cap rate and a current NOI of $103,618. The lease commenced October 3, 2023, and includes 5% rent increases every five years, along with three five-year renewal options. The tenant, Dollar General, is credit rated and provides a corporate guarantee. The property benefits from a high-traffic location with an average daily traffic count of 3,859 and serves a population exceeding 12,000 within a five-mile radius. Built in 2023, this single-story building is zoned commercial and represents a low-maintenance, passive income investment with zero landlord responsibilities. The asking price is $1,594,120, translating to $150.87 per square foot. This is a truly exceptional opportunity for a long-term, secure investment in a strong retail market. The lease expires October 31, 2038. The property is currently 100% occupied.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.7494
- Latitude
- 40.6388
