996 Barn St Hooversville, PA 15936

Property Details for 996 Barn St

Year built

2014

Lot size

2.37 lot acres

Property size

8,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a single-tenant, 8,000 square foot Dollar General convenience store and storefront located at 996 Barn St, Hooversville, PA 15936. The property sits on a 2.37-acre lot and boasts excellent visibility due to its strategic location at the intersection of Grove Ave and Barn St. Built in 2014, this one-story building is currently 100% occupied under a corporate-guaranteed Double Net (NN) lease with Dollar General Corporation (NYSE: DG), a leading national retailer. The lease commenced October 28, 2020, and has a remaining term of approximately 5.9 years, extending to October 27, 2030, with three and five-year lease options. The property generates a substantial net operating income (NOI) of $48,997, resulting in an attractive 8.50% cap rate. The asking price is $576,500, translating to a price per square foot of $72.06. The NN lease structure minimizes landlord responsibilities, with the tenant responsible for taxes, insurance, utilities, and interior maintenance. Landlord responsibilities are limited to exterior property maintenance. Dollar General's strong financial performance and recession-resistant business model make this a compelling investment with significant long-term potential. The property's history as a replacement for a high-performing Family Dollar further underscores its strategic value and consistent demand within the community.

Location Insight

City

Hooversville

County

Somerset

State

Pennsylvania

Longitude

-78.9146

Latitude

40.1447