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Dollar General | Pittsburgh MSA | Tourist Destination

122 S Fairfield St, Ligonier, PA 15658

Listing Price: $849,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
6.2
Gross SF
11,052
Guarantor
Corporate Guarantee
Rentable SF
11,052
Price/Gross SF
$76.82
Lease Type
Double Net
Rent Per Square Feet
$5.75

Investment Overview

Marcus & Millichap, on behalf of ownership is pleased to offer for sale a Dollar General located in Ligonier, Pennsylvania, which is located in the Laurel Highlands region roughly 40 Miles from Pittsburgh. Dollar General occupies 7,790 square feet and recently extended their lease for an additional five years providing a lease term of six and a half years, showing their strong commitment to this site. There is an additional approximately 3,260-square-foot space in the property that is soon to be occupied by Lucky Dog Management, an event management company that is willing to enter into a multi-year lease with the prospective buyer. Ligonier is a borough in Westmoreland County and is part of the Pittsburgh Metropolitan Statistical Area. The borough is well known for nearby Idlewild Park, one of the oldest amusement parks in the country; and nearby Seven Springs Mountain Resort. Another tourist attraction is Fort Ligonier Days, a parade and craft market that takes place every fall over the course of three days, and the Ligonier Country Market in the summer months.

Investment Highlights

  • Dollar General Located in the Historic Town of Ligonier (Pittsburgh MSA)
  • Ligonier, Pennsylvania was Ranked #2 for "Best Small Towns in America" by Country Living in 2021 (Source: www.countryliving.com)
  • Over Six and a Half Years Remaining on Recently Extended Lease with Dollar General
  • Ligonier is Located in the Laurel Highlands, a Region Outside of Pittsburgh with Nearly 600,000 Residents | Travelers Spent Over $1.92 Billion in the Laurel Highlands Region in 2019
  • All-Brick Construction Building | One of the Largest Commercial Buildings Located in the Central Town District
  • Located Across from Fort Ligonier - #1 Rated Tourist Attraction in Ligonier (Trip Advisor)
  • Property Includes an Additional 3,260-Square-Foot Space Leased to Lucky Dog Management
  • Very Low Rent in Place for Dollar General at $6.62 per Square Foot

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

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Dollar General | Pittsburgh MSA | Tourist Destination

Listing Price: $849,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
6.2
Gross SF
11,052
Guarantor
Corporate Guarantee
Rentable SF
11,052
Price/Gross SF
$76.82
Lease Type
Double Net
Rent Per Square Feet
$5.75

Investment Highlights

  • Dollar General Located in the Historic Town of Ligonier (Pittsburgh MSA)
  • Ligonier, Pennsylvania was Ranked #2 for "Best Small Towns in America" by Country Living in 2021 (Source: www.countryliving.com)
  • Over Six and a Half Years Remaining on Recently Extended Lease with Dollar General
  • Ligonier is Located in the Laurel Highlands, a Region Outside of Pittsburgh with Nearly 600,000 Residents | Travelers Spent Over $1.92 Billion in the Laurel Highlands Region in 2019
  • All-Brick Construction Building | One of the Largest Commercial Buildings Located in the Central Town District
  • Located Across from Fort Ligonier - #1 Rated Tourist Attraction in Ligonier (Trip Advisor)
  • Property Includes an Additional 3,260-Square-Foot Space Leased to Lucky Dog Management
  • Very Low Rent in Place for Dollar General at $6.62 per Square Foot

Investment Overview

Marcus & Millichap, on behalf of ownership is pleased to offer for sale a Dollar General located in Ligonier, Pennsylvania, which is located in the Laurel Highlands region roughly 40 Miles from Pittsburgh. Dollar General occupies 7,790 square feet and recently extended their lease for an additional five years providing a lease term of six and a half years, showing their strong commitment to this site. There is an additional approximately 3,260-square-foot space in the property that is soon to be occupied by Lucky Dog Management, an event management company that is willing to enter into a multi-year lease with the prospective buyer. Ligonier is a borough in Westmoreland County and is part of the Pittsburgh Metropolitan Statistical Area. The borough is well known for nearby Idlewild Park, one of the oldest amusement parks in the country; and nearby Seven Springs Mountain Resort. Another tourist attraction is Fort Ligonier Days, a parade and craft market that takes place every fall over the course of three days, and the Ligonier Country Market in the summer months.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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