65 Baltimore St Spring Grove, PA 17362-7986

Property Details for 65 Baltimore St

Year built

2016

Lot size

1.39 lot acres

Property size

9,360 SF

Zone code

RS

Property type

Retail space

APN

73-000-DG-0016.C0-00000

APU

73000DG0016C000000

Description

This 9,100 square foot Dollar General store in Spring Grove, PA, presents a compelling investment opportunity. Located at 65 Baltimore St, 17362, this property boasts a 7.91% cap rate and a substantial net operating income (NOI) of $102,888. The absolute NNN lease with Dollar General, a credit-rated tenant with a corporate guarantee, provides significant security and minimal landlord responsibilities. With a remaining lease term of 7.1 years (expiring December 31, 2031), this investment offers predictable cash flow. Built in 2016 and situated on a 1.4-acre lot, the property benefits from a recent (2023) interior remodel, including the addition of coolers and self-checkout. The location is advantageous, with minimal competition within a five-mile radius and a large population base within a ten-mile radius (over 125,000 residents). The asking price is $1,300,000 ($142.86/sq ft). This property is ideally positioned to benefit from the growth in the York-Hanover MSA, which is home to over 450,000 people, and is centrally located between Hanover, Shrewsbury, and York, Pennsylvania. Furthermore, the property's proximity (2 miles) to a new residential development adds to its long-term potential.

Location Insight

City

Spring Grove

County

York

State

Pennsylvania

Longitude

-76.8376

Latitude

39.8118

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments