1124 Midland Ave - Freestanding FOR SALE


Midland, PA 15059
$1,396,000 USD
732-832-5414
1124 Midland Ave, Midland, PA for Sale
$1,396,000 USD
Freestanding - FOR SALE
1/1
null | 7.5% Cap Rate

1124 Midland Ave
Midland, PA 15059


OVERVIEW

This upgraded corner entry location features windows and was built in 2018 as a custom-built Dollar General store. The property offers over 8.25 years remaining on the primary lease term, including three 5-year options with 10% rental increases at the start of each option period. The lease is backed by Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating of BBB (S&P), making it a secure investment with minimal credit risk. The NN+ lease structure includes limited landlord responsibilities, making this an ideal passive investment opportunity. The property is situated in a strong demographic area, with over 99,853 residents within a 10-mile radius and an average household income of $74,146. Located in Midland, PA, the property benefits from a growing, diversified economy with major employers such as Pennex Aluminum, Heritage Valley Health System, and the Midland School District. Its prime location along the Ohio River is just 25 miles from Pittsburgh, offering easy access to transportation routes, including I-376 (6 miles), I-76 (14 miles), I-79 (19 miles), and Pittsburgh International Airport (13 miles).

FOR SALE DETAILS

PRICE

$1,396,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,512 SF

ZONING

C

APN/PARCEL ID

33-009-0103.000

ASK ABOUT THIS PROPERTY

Edward DesimoneMatthews Real Estate Investment ServicesMore Info
732-832-5414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Edward DesimoneMatthews Real Estate Investment ServicesMore Info
732-832-5414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.