16074 Route 287 - Freestanding FOR SALE


Tioga, PA 16946
$1,603,485 USD
215-603-6914
16074 Route 287, Tioga, PA for Sale
$1,603,485 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

16074 Route 287
Tioga, PA 16946


HIGHLIGHTS

  • Brand new 15-year Absolute NNN lease with three, 5-year renewal options, making this an ideal investment for the passive investor
  • Corporately guaranteed by Dollar General, an investment grade credit tenant (S&P: BBB) with nearly 20,000 locations and 2023 revenue of $37.88B
  • Just 8 miles from the New York-Pennsylvania border. This Dollar General is just 2 miles from on/offramps to U.S. Highway 15 (9,442 VPD)
  • 10% rent increases in each of three options to renew
  • Ideally situated with signage and excellent frontage on PA-287 (3,085 VPD), the primary traffic route into and through Tioga.
  • The Dollar General Plus prototypes have outperformed the chain’s comp sales and have seen considerably higher sales volume than traditional stores

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 10,640 square foot Dollar General Plus property located in Tioga, Tioga County. Pennsylvania. This Dollar General is operating on a brand new 15-year Absolute NNN lease with three, 5-year renewal options, making this an ideal investment for the passive investor. The lease features 10% rent increases in each of three options to renew and is corporately guaranteed by Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s with nearly 20,000 locations and 2023 revenue of $37.88B.

FOR SALE DETAILS

PRICE

$1,603,485 USD

PRICE/SF

$151 USD /SF

CAP RATE

7%

% 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

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.36 AC

LAND SF

189,922 SF

ZONING

-

APN/PARCEL ID

34-03.00-067

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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