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Dollar General

999 Freeport Rd, Freeport, PA 16229

Listing Price: $1,600,000

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$175.82
Lease Type
Double Net
Rent Per Square Feet
$10.11

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in this Dollar General location in Pittsburgh MSA. This 9,100-SF Dollar General is scheduled to be built in May 2021 and has will feature a new, 15-year double net lease with three, 5-year renewal options. There are 10% rental increases in each option. The property sits on a 2.21-acre parcel and features excellent visibility with a lighted pylon sign along Freeport Road seeing over 2,300 vehicles per day. The subject property is located approximately 30-miles Northeast of Pittsburgh, and 65-miles Southeast of Youngstown, OH.

Investment Highlights

  • 2021 New Construction Dollar General | Expected Opening May 2021
  • 15-Year Double-Net (NN) Lease
  • Strategically Situated off Freeport Road & Near PA Highway-28 with Approximately 16,800+ Cars Per Day
  • Only Dollar Store located within 5-Mile Radius
  • Located within Pittsburgh MSA | 34,500+ Residents | AHHI: $78,100+ | Within 7-Mile Radius of Property

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $1,600,000

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$175.82
Lease Type
Double Net
Rent Per Square Feet
$10.11

Investment Highlights

  • 2021 New Construction Dollar General | Expected Opening May 2021
  • 15-Year Double-Net (NN) Lease
  • Strategically Situated off Freeport Road & Near PA Highway-28 with Approximately 16,800+ Cars Per Day
  • Only Dollar Store located within 5-Mile Radius
  • Located within Pittsburgh MSA | 34,500+ Residents | AHHI: $78,100+ | Within 7-Mile Radius of Property

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in this Dollar General location in Pittsburgh MSA. This 9,100-SF Dollar General is scheduled to be built in May 2021 and has will feature a new, 15-year double net lease with three, 5-year renewal options. There are 10% rental increases in each option. The property sits on a 2.21-acre parcel and features excellent visibility with a lighted pylon sign along Freeport Road seeing over 2,300 vehicles per day. The subject property is located approximately 30-miles Northeast of Pittsburgh, and 65-miles Southeast of Youngstown, OH.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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