1555 Washington Blvd McKeesport, PA 15133
- Commercial land
- 0.86 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
Property Details for 1555 Washington Blvd
- Lot size
- 0.86 lot acres
- Property type
- Commercial land
- APN
- 466-E-93
- APU
- 466E93
Description
This exceptional investment opportunity presents a 10,566 square foot Dollar General storefront located at 1555 Washington Blvd, McKeesport, PA 15133. The property sits on a 0.93-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing May 8, 2023, and expiring May 30, 2038. This leaves a substantial 13.5-year remaining lease term. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $128,788, resulting in a 6.50% cap rate. Built in 2023, this single-story building is situated in a densely populated area with over 132,000 people within a 5-mile radius and an average daily traffic count of 3,657. The property is zoned commercial and benefits from three five-year lease options. The asking price is $1,981,355. This is a truly passive investment opportunity with a strong tenant and significant upside potential. The property is offered as a sale by owner.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mckeesport
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8796
- Latitude
- 40.3332
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
