2593 Benjamin Franklin Hwy Edinburg, PA 16116
- Medical offices
- 4,976 SF
- 0.92 lot acres
Current Use by Public Records
- Cedar Manor PCH / Assisted Living Facility
- Dollar General / Dollar Store / Convenience Store
Property Details for 2593 Benjamin Franklin Hwy
- Lot size
- 0.92 lot acres
- Property size
- 4,976 SF
- Zone code
- MUX
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 24-030900
- APU
- 24030900
Description
This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General storefront located at 2593 Benjamin Franklin Hwy, Edinburg, PA 16116. The property sits on a 3-acre lot and boasts a 15-year absolute NNN lease with a credit-rated tenant, commencing November 21, 2023, and expiring November 30, 2038. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and ensuring consistent income growth. With a current NOI of $119,940 and a 6.50% cap rate, this property offers a compelling return on investment. The property benefits from a strong location, serving a population of over 21,800 within a 5-mile radius and experiencing an average daily traffic count of 6,713. The building, constructed in 2023, is a single-story structure with commercial zoning. This is a single-tenant property with 100% occupancy. The asking price is $1,845,230, translating to $174.64 per square foot. The lease is corporate-guaranteed by Dollar General Corporation and rated BBB by Standard & Poor's, providing significant investment security. This is a truly passive investment opportunity with minimal management requirements.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $145,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $160,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $140,000
- Mixed-Use
- $160,000
- Hospitality
- $120,000
- Educational
- $120,000
- Residential Income
- $165,000
- Energy
- $145,000
- Income-Based Land
- $140,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Lawrence
- State
- Pennsylvania
- Longitude
- -80.429
- Latitude
- 41.0464
- CBSA code
- 35260
- CBSA name
- NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA