1165 Walnut Hill Rd Smithfield, PA 15478
- Retail space
- 1.30 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Grocery Store
Property Details for 1165 Walnut Hill Rd
- Lot size
- 1.30 lot acres
- Property type
- Retail space
- APN
- 15-36-0059-07
- APU
- 1536005907
Description
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.
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
- Smithfield
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.8116
- Latitude
- 39.8646
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
