878 E Brady Rd Cowansville, PA 16218

Property Details for 878 E Brady Rd

Year built

1951

Lot size

1.11 lot acres

Property size

9,460 SF

Zone code

INDUSTRIAL

Property type

Outlet malls

APN

12-0-006356

APU

120006356

Description

This exceptional investment opportunity presents a 9,026 square foot Dollar General store located at 878 E Brady Rd, Cowansville, PA 16218. Built in 2021, the property boasts an absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The current lease term extends to January 13, 2036, offering a substantial remaining term of 11.2 years, with three 5-year renewal options. The property generates a strong net operating income (NOI) of $100,938, resulting in an attractive 7.15% cap rate. The asking price is $1,411,720, translating to a price per square foot of $156.41. This strategically located store benefits from high visibility on the corner of Pence Road and E Brady Road, experiencing over 2,700 vehicles per day. The surrounding area demonstrates strong demographics, with an average household income of $81,708 within a 5-mile radius and an estimated population of 7,225. The tenant, Dollar General, enjoys a "BBB" credit rating and has proven its resilience during economic uncertainty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant remaining lease term. The property is classified as a convenience store, grocery store, and storefront. This is an absolute NNN lease with zero landlord responsibilities and zero competition in the area.

Location Insight

City

Cowansville

County

Armstrong

State

Pennsylvania

Longitude

-79.588

Latitude

40.8916

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments