965 Main St Ford City, PA 16226

Property Details for 965 Main St

Year built

2024

Lot size

2.00 lot acres

Property size

10,566 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a newly built, 10,566 square foot Dollar General store located at 965 Main St, Ford City, PA 16226. The property sits on a 2-acre lot and boasts a 15-year absolute NNN lease with a commencement date of January 27, 2024, and an expiration date of January 31, 2039, leaving a substantial 14.2 years remaining. The lease includes a favorable 5% rent increase every five years, minimizing landlord responsibilities and maximizing long-term returns. The current annual net operating income (NOI) is $121,298, resulting in a compelling 6.50% cap rate. The tenant, Dollar General, is investment grade rated BBB by Standard & Poor's, providing significant financial security. The property benefits from a strong demographic profile, with over 14,100 people residing within a 5-mile radius and an average daily traffic count of 7,260. This single-tenant, single-story building is zoned for commercial use and offers a secure, passive income stream for discerning investors. Three five-year lease options further enhance the long-term value proposition. The asking price is $1,866,130, translating to $176.62 per square foot. This is a turnkey investment with minimal management requirements, ideal for those seeking a stable and appreciating asset.