579 Woodland Bigler Hwy Woodland, PA 16881

Property Details for 579 Woodland Bigler Hwy

Year built

2016

Lot size

2.16 lot acres

Property type

Commercial real estate

APN

1060O09000067.5

APU

1060O090000675

Description

This fee-simple retail property in Woodland, Pennsylvania, features a 9,026 square foot Dollar General store on a 2.16-acre lot. The property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General Corporation, an investment-grade tenant (S&P: BBB). The lease commenced August 21, 2016, and expires August 31, 2031, leaving approximately 6.8 years remaining. The asking price is $1,363,000, representing a 7.10% cap rate and a price per square foot of $151.01. The property generates a net operating income (NOI) of $96,708. Rent increases are structured with a 10% bump at the beginning of each option period. The store benefits from excellent visibility and access, fronting Woodland Bigler Highway, a road with an average daily traffic count of 11,900 vehicles. The strong tenant, Dollar General, opened over 1,050 new stores in 2023 and has a significant presence across the United States. The property is located in a robust trade area with over 36,000 residents and 15,000 employees within a reasonable radius, and an average household income exceeding $75,020 within a 10-mile radius. This is an ideal, management-free investment opportunity for a passive investor, with zero landlord responsibilities as the tenant covers all CAM, taxes, and insurance. The property's location and strong tenant provide a stable and attractive investment opportunity.

Location Insight

City

Woodland

County

Clearfield

State

Pennsylvania

Longitude

-78.3074

Latitude

40.9907

CBSA code

20180

CBSA name

DUBOIS, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments