701 Clearfield Rd Fenelton, PA 16034-8709
- Commercial real estate
- 2.74 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Candy Store
Property Details for 701 Clearfield Rd
- Lot size
- 2.74 lot acres
- Property type
- Commercial real estate
- APN
- 090 1F67 29P0000
- APU
- 0901F6729P0000
Description
This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 701 Clearfield Rd, Fenelton, PA 16034. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $107,484. The absolute NNN lease with a corporate guarantee provides zero landlord responsibilities, ensuring a passive income stream. With over 11.4 years remaining on the primary lease term and three 5-year renewal options, this investment offers significant long-term stability. The property benefits from a prime location on Route 422, experiencing over 11,400 vehicles per day. Dollar General, a recession-resistant tenant with a BBB credit rating, enjoys a strong market position with no direct competition within a five-mile radius. The surrounding area demonstrates robust demographics, including an average household income of $76,751 within a two-mile radius and an estimated population of 8,074 within a five-mile radius. The asking price is $1,503,286, translating to $165.20 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a proven tenant and significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,700,000
- 6.5%
- $1,595,000
- 7%
- $1,650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,665,000
- Geo Method
- $1,845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,390,000
- Retail
- $1,655,000
- Mixed-Use
- $1,465,000
- Hospitality
- $1,815,000
- Educational
- $1,795,000
- Residential Income
- $1,650,000
- Energy
- $1,385,000
- Income-Based Land
- $1,375,000
- Food Service
- $1,760,000
Location Insight
- Map
- Local Demand
- City
- Fenelton
- County
- Butler
- State
- Pennsylvania
- Longitude
- -79.7377
- Latitude
- 40.8471
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA