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Dollar Tree | High Quality Corporate Guaranteed Tenant

$875,000

22000 Route 119, Punxsutawney, PA 15767

Pending
Last Updated: 01/28/2021

8

Cap Rate

70,000

NOI

Details:
Cap Rate:    8%
NOI:    $70,000
Building Size:    10,000 sqft
Lot Area:    1.99 acres
Lease Type:    Double Net
Year Built:    2003
Price Per Sqft:    $87.50
Roof & Structure:    Landlord'ss Responsibility
HVAC, Maintenance, Repairs & Common Area :    Tenant’s Responsibility
Taxes & Utilities :    Tenant’s Responsibility
Highlights:
  • Strong Corporate Guarantee From Dollar Tree
  • Tenant Has Been at the Same Location Since 2003 - Showing Commitment to the Site
  • Strategically Located as an Outparcel to Walmart Supercenter - the Closest Walmart For Over 25-Miles
  • Average Household Income is Over $55,556 With in a 5-Mile Radius of the Property
  • Just 5 Minutes From Gobbler’s Knob - the Celebrated Home of Punxsutawney Phil and the Annual Groundhog Day Weather Prediction Event; the Event Draws Upwards of 20,000 People Attending the Celebration, But Millions Watch on TV
  • FEMCO, a Diversified Custom Manufacturer of Quality OEM and Aftermarket Parts, Has Their Headquarters in Punxsutawney and Recently Expanded With a New 8,000 SF Welding and Fabrication Facility
  • Punxsutawney is 80 Miles NE of Pittsburgh and 100 Miles South of Erie, Accessible Via Interstate 80, U.S. Route 119 and State Route 36; the Economy Had Been Primarily Based on Coal Mining and is Now ReEstablishing Itself as Industrial and Service Based; Tourism Has Become a Rapidly Growing Trade Due to the Lure of Punxsutawney Phil
  • Nearby Tenants Include: Walmart Supercenter, China Wok, Pizza Hut, Wing Street, Taco Bell, Aaron’s, ALDI, Goodwill, Subway, Family Dollar and AT&T
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,000 SF Dollar Tree Located at 22000 Route 119 in Punxsutawney, PA. This Opportunity Includes a High Quality Corporate Guaranteed Tenant That Has Been at the Same Location Since 2003, Showing Commitment to the Site and Providing For a Secure Investment.

In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. # RB069072

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