Property Details

Dollar General

Erie, PA
Property ID: 9177

Financial Summary

Asking Price $1,520,000
Cap Rate 6.45%
Net Operating Income (NOI) $98,036
Lease Type NNN
Lease Term Remaining 13+ Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Dense population of nearly 111,000 within 5-miles
  • Located along Perry Hwy, off I-90, across from Presque Isle Downs & Casino
  • Nearby retailers include Sheetz, McDonald’s, Taco Bell
  • Absolute NNN lease – no landlord responsibilities
  • 10% structured rent increases every 5 years in the option periods
  • Investment grade tenant (S&P: BBB)
  • Excellent visibility off of I-90 (35,000 VPD)
  • Average HH income of $77,510 within 1 mile radius

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

8214 Perry Hwy
Erie, PA

Traci BidingerDollar General