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239 W MAIN ST, KNOXVILLE, PA, 16928

DOLLAR GENERAL
closed

Key Information

Cap Rate
7.75%
Tot. SF
9,026
Year Built
2020
Term Remaining
±10.50 YRS
Type
Retail

Highlights

  • List Price of $1,351,936 yielding a 7.75% cap rate
  • 2020 built-to-suit construction for Dollar General with over 10.50 years remaining on the initial 15 year term
  • Low Rents: Low rents provide the tenant with healthier operating margins when compared to newer construction product.
  • The tenant has three, 5-year options to extend the lease including 10% rental increases at the start of each option period.
  • Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
  • Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap.
  • Limited Competition: There are no other competing retailers or convenience stores in town and the nearest competing dollar store is located over 5 miles away.
  • Knoxville, PA is located 45 miles west of Athens, PA & 20-miles northwest of Mansfield, PA.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203