1165 Walnut Hl Rd Smithfield, PA 15478-1045

This exceptional investment opportunity presents a newly constructed, 10,640 square foot Dollar General store located at 1165 Walnut Hill Rd, Smithfield, PA 15478. The property boasts a 15-year absolute NNN lease, commencing December 30, 2023, and expiring December 31, 2038, with a substantial remaining lease term of 14.1 years. The lease includes 5% rent increases every five years and three five-year renewal options, ensuring consistent and growing income. The property sits on a 1.2-acre lot and benefits from a high-traffic location with an average daily traffic count of 2,919 and a population of over 25,000 within a 5-mile radius. The tenant, Dollar General, is investment-grade rated BBB by Standard & Poor's, providing significant financial security. With a 6.50% cap rate and a Net Operating Income (NOI) of $119,118, this single-tenant, single-story building represents a compelling, low-maintenance investment with zero landlord responsibilities. The asking price is $1,832,580, translating to $172.23 per square foot. The property is zoned commercial and was built in 2023. This is a turnkey investment ideal for passive income seekers. All aspects of the property are in excellent condition.