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29095867
29095868

6125 E State St, Hermitage, PA 16148 For Sale

CP
TX 739475
Trinity Real Estate Investment Services
MS
TX 767226
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$1,475,485
194 days on market
Updated 12 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 7%
NOI $103,284
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/01/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $162
Acreage 2.020
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/30/2016
Ownership Fee Simple

Retail | 7.00% CAP | 9,100 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Hermitage, PA. This property offers 5.5+ years remaining on the current term under an absolute NNN lease with zero landlord responsibilities and 10% rent increases during the option periods.

Property Website: https://trinityreis.com/listing/6125-e-state-st/

In cooperation with Brian Brockman at Bang Realty-Pennsylvania Inc | PA #RM432816 | [email protected] | (513) 898-1551

Investment highlights

  • Dollar General in Hermitage, PA With 5.5+ Years Remaining on Current Term

  • Absolute NNN Lease – Zero Landlord Responsibilities

  • 10% Increases in the Option Periods

  • Upgraded Construction With Masonry Brick on the Front and Masonry Block on the Sides of the Building, Upgraded Landscaping as Well

  • Large 2.02 Acre Corner Lot at the Intersection of E State St and N Neshannock Rd With Nearly 7,000 Vehicles Passing in Front of Subject Property Daily

  • Healthy 5-Mile Demographics for a Dollar Store With 29,000+ Residents

  • Ideally Positioned Near Established Neighborhoods

  • Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations

Listing Contacts

CP
TX 739475
Trinity Real Estate Investment Services
MS
TX 767226
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$103,284.00
$8,607.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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