1830 Pennsylvania AveWest Mifflin, PA 15122

For Sale
$2,060,239

West Mifflin, PA Retail Property - Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple, Class A, 12,480 square foot Dollar General store in West Mifflin, Pennsylvania. The property boasts a strong absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The lease, originally commencing July 28, 2013, has a remaining term of approximately 8.7 years, with three 5-year options at 10% rent increases each. The current annual net operating income (NOI) is $144,216, representing a 7.00% cap rate on the $2,060,239 asking price. Located on a 2.2-acre lot at 1830 Pennsylvania Ave, West Mifflin, PA 15122, this single-story building was constructed in 2013 and benefits from a high-traffic location within a densely populated area. The property's strong demographics, including an average household income of $84,965 within a 5-mile radius and approximately 153,973 people within the same radius, contribute to its exceptional investment potential. Dollar General's long-term commitment, evidenced by a recent five-year lease extension, further solidifies this asset's value. The property's size and location make it an ideal investment for those seeking a stable, high-performing retail asset with significant upside potential. The property is approximately 11 miles from Downtown Pittsburgh.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • Approximately 8.7 years remaining lease term with three 5-year options.
  • Dollar General recently extended lease for five years.
  • 10% rent increases per option period.
  • $84,965 average household income within a 5-mile radius.
  • Approximately 153,973 people within a 5-mile radius.

Property Details for 1830 Pennsylvania Ave

Property type
Other retail properties, Individual retail properties
Square Feet
12,480 SF
Class
A
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
95,832 SF
Units
1

Location Insight

City
West Mifflin
County
Allegheny
State
Pennsylvania
Latitude
40.362077619684
Longitude
-79.862717566317
1830 Pennsylvania Ave, West Mifflin, Pennsylvania

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1830 Pennsylvania Ave
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