994 Gap Newport Pike, Cochranville, PA 19330-1784
- Turn key restaurants
- 9,140 SF
- 2.38 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 994 Gap Newport Pike
- Year built
- 2016
- Lot size
- 2.38 lot acres
- Zone code
- C
- Property type
- Turn key restaurants
- APN
- 4404 00640000
- APU
- 440400640000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 28, 2018 | $1,930,000 | Pedersen,r & M Marital Exem Trust | Durritzague 2003 Trust | Grant Deed | — |
| Jan 18, 2018 | $1,700,000 | Durritzague 2003 Trust | Cochranville Dg LLC | Grant Deed | — |
| Jun 30, 2016 | $335,000 | Cochranville Dg LLC | Chae T Goh | Deed | $1.5M · Midwest Regional Bank |
Description
This exceptional investment opportunity presents a 9,100 square foot Dollar General convenience store located at 994 Gap Newport Pike, Cochranville, PA 19330. Built in 2016 and recently remodeled, this property sits on a 2.38-acre lot in a high-traffic area, boasting nearly 13,000 cars passing daily on a main artery connecting Wilmington and Lancaster. The property features a 7-year absolute NNN lease with a strong corporate guarantee from Dollar General Corporation, a Fortune 500 company with a BBB investment-grade credit rating and approximately a $25 billion market capitalization. The current occupancy is 100%, generating a Net Operating Income (NOI) of $122,011 and an 8.13% cap rate. The asking price is $1,500,000. The average household income within a 5-mile radius is approximately $125,438, indicating a strong and stable market. This is a turnkey investment with minimal management requirements, offering significant long-term potential for passive income generation. The property's strategic location, strong tenant, and favorable lease terms make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,000,000
Market price range: $495k - $1.41M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cochranville
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.9249
- Latitude
- 39.8971
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
