108 Greensburg RdLower Burrell, PA 15068

For Sale
$4,954,839

High-yield retail investment opportunity. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 14,820-square-foot Family Dollar store located at 108 Greensburg Rd, Lower Burrell, PA 15068. The property boasts a 10-year absolute NNN lease, eliminating all landlord responsibilities. Built in 2009, this single-story building sits on a 1.76-acre lot and includes 83 parking spaces. The property's zoning is C-3, and it enjoys 100% occupancy. The asking price is $4,954,839, representing a compelling 7.75% cap rate with a net operating income (NOI) of $384,000. The tenant, Family Dollar, is a creditworthy corporation, providing significant financial stability. The property is situated in Westmoreland County, Pennsylvania, within a thriving community with an average annual household income exceeding $74,000 within a 5-mile radius. This single-tenant, retail investment offers a secure and profitable addition to any portfolio. The lease is corporately guaranteed, ensuring consistent rental income. The property's strong location and financial performance make it an attractive investment opportunity.

Highlights

  • Triple-Net (NNN) Lease; no landlord responsibilities.
  • Built in 2009.
  • Walgreens corporate-guaranteed sublease through 2034, $384,000 annual rent.
  • Investment-grade tenant (BBB rating).
  • $74,000+ average household income within a 5-mile radius.

Property Details for 108 Greensburg Rd

Property type
Other retail properties, Individual retail properties
Square Feet
14,820 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
76,666 SF
Units
1

Location Insight

City
Lower Burrell
County
Westmoreland
State
Pennsylvania
Latitude
40.5519797
Longitude
-79.756032
108 Greensburg Rd, Lower Burrell, Pennsylvania

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108 Greensburg Rd
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