406 E Main St - Convenience Store FOR SALE


Corry, PA 16407
$760,000 USD
586-945-9960
406 E Main St, Corry, PA for Sale
$760,000 USD
Convenience Store - FOR SALE
1/12
null | 7.5% Cap Rate

406 E Main St
Corry, PA 16407


HIGHLIGHTS

  • 8,102 SF Dollar General Positioned on 0.64 Acres.
  • NNN Lease currently on its 2nd Option.
  • Corporate Guaranteed Lease | S&P Rating BBB.
  • 10% Rent Bumps at Options | One, Five Year Option.
  • 5 Mile Median Home Value Exceeds $94,540, 5 Mile Average Household Income Exceeds $58,942.
  • Hard Corner Location.

OVERVIEW

Fortis Net Lease is pleased to present this Dollar General store located in Corry, PA. Encumbered with NNN lease that is currently on its 2nd option. There are zero landlord responsibilities and one, five-year option to renew. The lease has a corporate guarantee from Dollar General which has a “BBB” S&P rating and is considered an investment grade tenant. The subject property is strategically located on the corner of E Main Street (4,700 VPD) and East Street. This Dollar General is situated in a high populous area with the 5 mile population exceeding 9,553. The five mile median home value exceeds $94,540 and the five-mile average household income exceeds $58,942. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

AB8

APN/PARCEL ID

05-028-181.0-001.00

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

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