569 Erie St, Mercer, PA 16137-4101

This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General store located at 569 S Erie St, Mercer, PA 16137. The property boasts a 15-year absolute NNN lease, commencing January 31, 2024, and expiring January 31, 2039, with a substantial remaining term of 14.2 years. The lease includes 5% rent increases every five years, minimizing landlord responsibilities and ensuring consistent income growth. The property sits on a 1.67-acre lot and benefits from a strong location with a population of over 9,360 within a 5-mile radius and an average daily traffic count of 6,358. The asking price is $1,869,390, representing a price per square foot of $176.93 and a 6.50% cap rate based on a current NOI of $121,510. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. The lease offers three five-year renewal options, further enhancing the long-term value of this investment. This single-tenant, single-story building is zoned commercial and was built in 2024. The property is currently 100% occupied. This is a truly passive investment opportunity with minimal landlord responsibilities and significant upside potential. The property is offered for sale by owner.