Belle Vernon, PA - Dollar General

110 Georges Lane, Belle Vernon, PA

$2,118,000

Price

6.2%

Cap Rate

$131,316

NOI

Overview
Cap Rate
6.2%
NOI
$131,316
Building Size
10,640 sqft
Lot Area
1.75 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2022
Zoning
Commercial
Parking Spots
35
Description

• 15-year lease with 2 (5-Year) & 1 (4-Years 11-Months) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,000 locations
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor

• Brand new construction which features high-level finishes and distinct design elements
• Subject property is positioned along State Highway 51 (10,000 VPD)
• Asset is located near Rostraver Airport, providing a direct consumer base from which to draw
• More than 153,000 residents and 49,000 employees support the 10-mile area
• $81,342 average household income withing 3-mile radius
• Approximately 21 miles South of Pittsburgh, PA


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Listing ID: a288X000003lyzRQAQ
Location
Gallery