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1509 Moravia St, New Castle, PA, 16101

Dollar General
$670,588

Key Information

Cap Rate
8.5%
$ per SF
$74
Tot. SF
9,014
Year Built
2005
Term Remaining
±4 Yrs
Type
Retail

Highlights

  • Premier Location at Signalized Intersection – This store is positioned at one of the main intersections in New Castle with a close proximity to the downtown district.
  • Dense Residential Pocket & Easy Access to Consumer Base – There is an estimated +2,500 residential houses within a 1-mile radius of this Dollar General per AI data.
  • Strong Operational History with Renewals – due to the site level success, Dollar General has exercised multiple renewal options & extensions.
  • Double Net (NN) Lease Structure – Limited Landlord Responsibilities.
  • Recession Resistant Tenant – Dollar General has been historically profitable during downturns in the U.S. Economy. Won the Silver Globe Business Excellence Award for their COVID-19 response.
  • Base Term of Lease with Options – This DG has over ±4 years remaining on the base term of the lease, with multiple options to extend for 5 years at a time.
  • Rental Increases – Future owner will capitalize on increases during each option.

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