Dollar General 220 E 2nd St 9,100 SF Retail Building Williamsburg, PA 16693 $1,350,193 ($148.37/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Double NN Lease l Minimal Landlord Responsibilities l Corporate Guarantee
- 1 Year Remaining on Original Term Equipped with Three - Five Year Options l Scheduled 10% Rental Increases During Each Option
- Scheduled 10% Rental Increases During Each Option
- Recent 5 Year Lease Extension Showing Signs of Commitment to Site
- Approximately 5.11 Years Remaining on Lease Equipped with Two - Five Year Options
EXECUTIVE SUMMARY
Double NN Lease l Minimal Landlord Responsibilities l Corporate Guarantee
Recent 5 Year Lease Extension Showing Signs of Commitment to Site
Approximately 5.11 Years Remaining on Lease Equipped with Two - Five Year Options
Strategically Positioned on East 2nd St Providing Excellent Visibility & Access
Scheduled 10% Rental Increases During Each Option
Distance to Nearest Dollar General Store Approximately 3 Hours
Average Household Income in 5-Mile Radius Exceeds $84,000
Recent 5 Year Lease Extension Showing Signs of Commitment to Site
Approximately 5.11 Years Remaining on Lease Equipped with Two - Five Year Options
Strategically Positioned on East 2nd St Providing Excellent Visibility & Access
Scheduled 10% Rental Increases During Each Option
Distance to Nearest Dollar General Store Approximately 3 Hours
Average Household Income in 5-Mile Radius Exceeds $84,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$1,350,193
Price Per SF
$148.37
Cap Rate
7.75%
NOI
$104,640
Tenancy
Single
Building Height
1 Story
Building FAR
1.26
Lot Size
0.17 AC
Zoning
C1
Parking
57 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
CONTACTS
-
Deno Bistolarides -
Moses Sarkisian -
Marcel Sarkisian -
Brandon Abdelnour -
Encore Real Estate Investment Services
