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- LoopNet Team
24 Main Ave
Hawley, PA 18428
Dollar General · Retail Property For Sale
Investment Highlights
- There are Approximately 5.6 Years Remaining on an Original 10-Year Double-Net (NN) Lease; Strategic Investment Offering a Long-Term Security of Cash
- Tenant Renewal Options: Two Periods of Five Years and One Period of Four Years and 11 Months, Bringing the Potential Lease Term to Nearly 25 Years
- Limited Competition: The Nearest Dollar General is Located Approximately 6.5 Miles Away
- Rental Increases of 10 Percent In Each Option Period
- Corporate Location | Corporate Guaranty
- Freestanding Property | Benefits from Excellent Footage
PROPERTY FACTS
About 24 Main Ave , Hawley, PA 18428
This Dollar General property is located at 24 Main Avenue in Hawley, Pennsylvania. Hawley is a borough on the Lackawaxen River in Wayne County. Hawley is home to a number of notable lakes, golf courses, and other recreational facilities, making it a leisure destination, particularly during the summer months. Surrounding Retail and Points of Interest The subject property is well-positioned as a prime retailer on Main Avenue in Hawley, surrounded by many national and regional tenants. Nationally recognized tenants in the area include: PNC Bank, CVS Pharmacy, Wells Fargo Bank, Citgo, USPS, Sunoco, The Dime Bank, Teeters Furniture, The Settlers Inn, as well as many others. Many of the schools in the Wallenpaupack Area School District are located within two and a half miles of the subject property. These schools include: Wallenpaupack North Intermediate, Wallenpaupack Middle, Wallenpaupack North Primary, and Wallenpaupack High School. The schools have a combined enrollment of over 3,000 students. Scranton, Pennsylvania Hawley is located approximately 33 miles northeast of Scranton, Pennsylvania. Scranton is the sixth-largest city in the commonwealth of Pennsylvania. It is the county seat of Lackawanna county in Northeastern Pennsylvania's Wyoming Valley and hosts a federal court building. Once a one-industry town, Scranton is still dominated by manufacturing enterprises, primarily in the nondurable goods sector for companies such as Proctor & Gamble and Techneglas. However, between 1995 and 2000, major financial and professional services corporations such as AT&T, Fleet Financial Group, Cigna Health Care, and Alliance Fund Services opened large offices locally. Since that time, there has also been a marked increase in the number of people employed in the health, education, and social services industry—close to 25 percent of Scranton's employed population. Defense contractors also play an important role in the region's diversified economy, and construction, utilities, retail trade, and government make up a large part of the economic base. Tourism is also a growing industry.
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PROPERTY TAXES
Parcel Number | 011468 | Improvements Assessment | $1,209,600 |
Land Assessment | $136,800 | Total Assessment | $1,346,400 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 9281458
Date on Market: 9/22/2017
Last Updated:
Address: 24 Main Ave, Hawley, PA 18428
The Retail Property at 24 Main Ave, Hawley, PA 18428 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.