Property Details

Dollar General

Somerset, PA
Property ID: 11828

Financial Summary

Asking Price $682,000
Cap Rate 7.75%
Net Operating Income (NOI) $52,833
Lease Type NN
Lease Term Remaining 9+ Years

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Bite size investment; built in 2005
  • Corporate guaranty & investment grade credit S&P: BBB
  • New lease extension signed making firm term extended through February 28, 2029
  • Dollar General operating history for 14 years at this location
  • Adjacent to Somerset Hospital UPMC (University of Pittsburgh Medical Center) which has committed to invest $45 million over the next 10 years

Net Lease Advisor

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Location

234 East Main Street
Somerset, PA

Traci BidingerDollar General