Available Properties
Dollar General – Spring Grove, PA
- 65 Baltimore Street - Spring Grove, PA 17362
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $1,372,000
- 7.5%
- 7+ Years
- Absolute NNN
- Corporate Guarantee
Highlights
- York – Hanover MSA has a population of more than 450,000 Residents
- Centrally located between Hanover, Shrewsbury and York PA
- Absolute NNN Lease with No Landlord Responsibilities
- No Competition within a 5+ Mile Radius of the Site
- Full Interior Remodel in 2023 with the Addition of Coolers and Self-Checkout
- 125K+ Residents within a 10 Mile Radius of the Site
- 2 Miles away from a brand new D.R. Horton Residential Development
Sale Description
This 9,100 SF Dollar General store, located at 65 Baltimore Street, Spring Grove, PA, offers investors a stable, long-term investment opportunity. With an absolute NNN lease and over 7 years remaining on the original 15-year term, this property generates a current NOI of $102,888. Built in 2016, the property recently underwent a full interior remodel, including new coolers and self-checkout. The site is ideally situated with no competition within a 5-mile radius and is just two miles from a new D.R. Horton residential development.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
4,481 |
$96,891 |
|
5 Mile |
14,668 |
$95,256 |
|
10 Mile |
127,037 |
$92,552 |
