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24705821
24705822

60 Burrell Plz, New Kensington, PA 15068

KS
PA PA RS339186
Newmark
Listed by Newmark
$2,282,000
337 days on market
Updated 53 days ago

Dollar Tree - Lower Burrell, PA

Details
Property Type Retail
Sub Type Storefront
Square Footage 23,800
Net Rentable (SqFt) 23,800
Units 1
Cap Rate 7.3%
NOI $166,600
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Expiration 09/30/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options 3, 5-year options
Class B
Year Built 2004
Acreage 4.172
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/29/2004
Occupancy Date 05/15/2004
Ground Lease No

Dollar Tree - Investment-grade, NNN, 9+ yrs lease term remaining. 7.3% in-place Cap Rate

Marketing description

Newmark Capital Markets – Pittsburgh, is pleased to offer this Dollar Tree property for sale.

As a corporate-owned, investment grade (BBB) credit with 9+ years remaining on a NNN lease, this an attractive investment opportunity for 1031-exchange buyers and those seeking a solid investment opportunity.

The demographic make-up of the surrounding area is ideal for Dollar Tree, as evidenced by their 20-year occupancy including multiple renewals.

Additionally, because of the unusually large size of this store 28,300 SF), if Dollar Tree were ever to vacate, there would a wide variety of options available for releasing the space.

Investment highlights

7.30% in-place Cap Rate

•NNN lease

100% leased

•Investment Grade Tenant

•9+ years remaining on Lease

•23,800 NRSF

•20-year Operating History

Listing Contacts

KS
PA PA RS339186
Newmark
Listed by Newmark

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,600.00
$13,883.33/mo

Valuation Metrics

0
DSCR
7.3%
Cap Rate
7.3%
ROI

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Additional Information

Name
Kevin Spence
License
PA RS339186
Brokerage
Newmark
Brokerage Phone
412-281-0100
Title
Real Estate Broker
Brokerage Address
210 Sixth Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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