786 Main St Duke Center, PA 16729-9628
- Commercial land
- 1.42 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
Property Details for 786 Main St
- Lot size
- 1.42 lot acres
- Property type
- Commercial land
- APN
- 28-013. -177.00.
- APU
- 2801317700
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General store in Duke Center, Pennsylvania. Built in 2024, the property boasts a 15.1-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced May 3, 2024, and features three 5-year renewal options with 10% rent increases. The current asking price is $1,563,131, representing a compelling 7.25% cap rate and a price per square foot of $146.91. The property sits on a 2.11-acre lot at 786 Main St, Duke Center, PA 16729, offering excellent visibility and over 130 feet of frontage. With a strong NOI of $113,327 and minimal landlord responsibilities, this is an ideal investment for passive income seekers. The property's location offers limited competition, with the nearest similar stores over 7.5 miles away. The single-story building is zoned commercial and enjoys 100% occupancy. This is a stabilized investment with significant long-term potential, backed by a Fortune 500 company. The property's APN is 28-013. -177.00.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duke Center
- County
- Mckean
- State
- Pennsylvania
- Longitude
- -78.4747
- Latitude
- 41.9487
- CBSA code
- 14620
- CBSA name
- BRADFORD, PA MICROPOLITAN STATISTICAL AREA