1712 Lincoln Hwy North Versailles, PA 15137
- Outlet malls
- 1.07 lot acres
Current Use by Public Records
- USS Fight Academy / Boxing Gym
- Dollar General / Dollar Store / Beauty Supply Store
Property Details for 1712 Lincoln Hwy
- Lot size
- 1.07 lot acres
- Property type
- Outlet malls
- APN
- 645-M-244
- APU
- 645M244
Description
This exceptional investment opportunity presents a 10,000-square-foot Dollar General storefront located at 1712 Lincoln Hwy, North Versailles, PA 15137. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $129,500. Secured by a 10-year NNN lease with a credit-rated tenant, this investment offers minimal landlord responsibilities. The lease commenced March 17, 2023, and includes three five-year renewal options with a 10% rent increase at each option. The property sits on a 1.1-acre lot and provides 49 parking spaces. Built in 2023, this single-story building is situated in a high-traffic area with an average daily traffic count of 23,732 and serves a population exceeding 132,000 within a 5-mile radius. The property is zoned commercial and benefits from a 100% occupancy rate. This is a single-tenant, single-building investment with a remaining lease term of approximately 8.4 years, offering a secure and passive income stream. The tenant, Dollar General Corporation, is investment grade rated BBB by Standard and Poor's, providing further assurance and stability. The asking price is $1,850,000, translating to $185 per square foot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $880,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $850,000
- 6.5%
- $825,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $700,000
- Retail
- $770,000
- Mixed-Use
- $925,000
- Hospitality
- $705,000
- Educational
- $705,000
- Residential Income
- $805,000
- Energy
- $715,000
- Income-Based Land
- $705,000
- Food Service
- $760,000
Location Insight
- Map
- Local Demand
- City
- North Versailles
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.7855
- Latitude
- 40.3696
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA