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32635319
32635317

2520 SR 29 S, Monroe Township, PA 94558-6294

MM
RS290772, PA (+1)
Lee & Associates | Eastern Pennsylvania - Central PA
Lee & Associates | Eastern Pennsylvania - Central PA
Listed by Lee & Associates | Eastern Pennsylvania - Central PA
$1,400,000
33 days on market
Updated 33 days ago

9,100 SF Building for Sale

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 7.75%
NOI $108,500
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Year Built 2016
Acreage 2.340
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Retail | For Sale | 9,100 SqFt

Marketing description

Lee & Associates National Investment Services Group, ("NISG") is pleased to present the opportunity to acquire the Fee Simple interest in the Dollar General property, located at 2520 SR 29 S, Monroe Township, PA, ("The Property").

This quality investment opportunity consists of an 2.34-acre site with 9,100 SF of improvements. This is a single tenant NNN investment. There are 5+ years remaining with a full corporate guarantee. The tenant also has three (3) renewal options.

The Property benefits from limited nearby competition, with the nearest convenience store located over 7 miles away and the closest supermarket approximately 10 miles away, supporting strong local demand and tenant performance.

Dollar General maintains its market position by targeting core customers in smaller communities. The brand's approach and wide product selection ensure strong brand recognition and steady sales growth. Dollar General's fiscal year 2024, which ended on February 2, 2024, reported net sales of $38.7 billion, a 2.2% increase from fiscal year 2023. The dollar store market reached approximately $124.9 billion in revenue in 2024, with an annual growth rate of 4.7% over the past five years.

Investment highlights

  • This is a single tenant NNN investment
  • There are 5+ years remaining with a full corporate guarantee
  • The tenant also has three (3) renewal options
  • The Property benefits from limited nearby competition, with the nearest convenience store located over 7 miles away and the closest supermarket approximately 10 miles away, supporting strong local demand and tenant performance

Listing Contacts

MM
RS290772, PA (+1)
Lee & Associates | Eastern Pennsylvania - Central PA
Lee & Associates | Eastern Pennsylvania - Central PA
Listed by Lee & Associates | Eastern Pennsylvania - Central PA

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,500.04
$9,041.67/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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