965 Main St, Ford City, PA 16226
- Retail space
- 10,566 SF
- 2.00 lot acres
Current Use by Public Records
- Dollar General / Discount Store
Property Details for 965 Main St
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 31, 2025 | $1,732,834 | Neema Mechanicsburg LP | Ptv 1330 LLC | Special Warranty Deed | $1.3M · Farmers & Merchants Trust Company |
| Dec 4, 2023 | $165,000 | Ptv 1330 LLC | Elaine J Wray | Warranty Deed | — |
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ford City
- County
- Armstrong
- State
- Pennsylvania
- Longitude
- -79.5296116
- Latitude
- 40.7398807
