Property summary
This exceptional investment opportunity presents a newly constructed, 9,100-square-foot Dollar General store located at 3582 Saxonburg Rd, Natrona Heights, PA 15065. The property boasts a 14-year remaining lease term (commencing November 7, 2023, and expiring December 1, 2038), with a 6.50% cap rate and a current NOI of $125,648. The absolute NNN lease includes built-in rent bumps of 5% every five years, and three five-year renewal options, minimizing landlord responsibilities. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. Situated on a one-acre lot in a high-traffic area with an average daily traffic count of 9,221 and a population of over 34,000 within a five-mile radius, this single-tenant, single-story building offers a compelling return on investment. The asking price is $1,933,050, translating to $212.42 per square foot. The property is zoned commercial and was built in 2023. This is a turnkey investment with exceptional long-term potential. All aspects of the lease are guaranteed by Dollar General Corporation.
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