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27426506
27426505

11640 Edinboro Rd, Edinboro, PA 16412

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$1,550,000
276 days on market
Updated 97 days ago

Near 1,500 Students I 13-Year Lease I Recently Constructed

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Units 1
Cap Rate 7.10%
NOI $109,926
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/30/2038
Remaining Term 12.3
Rent Bumps Yes
Lease Options 3, 5-Year
Broker Co-Op Yes
Class A
Year Built 2023
Year Renovated 2023
Buildings 1
Stories 1
Acreage 2.100
Parking Spaces 30 spaces
Parking per 1,000 SqFt 2.82
Investment Type Net Lease
Lease Commencement 10/12/2023
Occupancy Date 10/12/2023
Ground Lease No
Ownership Fee Simple

7+ Cap I Minuets From Erie, PA (92K Population)

Investment highlights

Recently Constructed, w/ Visibility —- Constructed in 2023 and Ideally Positioned Along High-Traffic Edinboro Road, Benefiting from Excellent Visibility and Exposure to 6,150+ Vehicles Per Day

Prime Location Near 1,500 Students —- Situated Across From General McLane High School and James W. Parker Middle School, Serving a Combined Enrollment of Approximately 1,500 Students, Driving Consistent Daily Traffic to the Area

Passive Investment w/ 13 Years —- Features a 13 Year Absolute NNN Lease, Offering Investors a True Hands-Off, Management-Free Investment, Ideal for 1031 Exchange Buyers Seeking Stable, Predictable Income

Strong Market Minutes from Erie, PA —- Conveniently Located Just 9 Miles from Erie, Pennsylvania’s 5th Largest City with a Population Exceeding 92,000, and Part of the 270,000 Person Erie MSA

Affluent Surrounding Demographics —- Located within a High-Income Trade Area, with Average Household Incomes exceeding $120,000 within 1-Mile and a Population of More Than 16,000 within a 10-Mile Radius

Investment Grade Credit Tenant —- Lease Corporately Guaranteed by Dollar General Corporation (NYSE: DG) a Fortune 500 Retailer Operating 20,000+ Locations Nationwide with an S&P Credit Rating of BBB

Listing Contacts

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$109,926.00
$9,160.50/mo

Valuation Metrics

0
DSCR
7.09%
Cap Rate
7.09%
ROI

Map

Zoning

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B-1 CommercialSpecial CommercialBusiness
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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