Dollar General - Houston, PA

124 W Pike St Houston , PA 15342

Dollar General - Houston, PA - retail for sale

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Overview



Free-standing Dollar General store for sale in Houston, located just off I-79 in the midst of Houston’s main retail corridor. Surrounding businesses include Domino’s Pizza, Jimmy Z’s Pizza, Shelley’s Pike Inn, KeyBank, and BP. A massive retail complex headlined by The Meadows Racetrack & Casino and Tanger Outlets Pittsburgh is located 2.7 miles south down Interstate 79. Over 30% of households earn more than $100,000 annually within a 5-mile radius. Strong tenancy, low price point, future rent growth potential and Dollar General’s commitment to the location makes this a rare investment opportunity.

Investment highlights


  • Fee simple interest
  • Property features an NN lease structure with 5.2 years of contractual term remaining 
  • Rent growth potential with Dollar General’s remaining 5-year option
  • Dollar General has just executed a renewal option, demonstrating strong commitment to the location


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 124 W Pike St, Houston, PA 15342-1429
Land in acres 0.95
Building size 9,100  ft2
Year built 2005
Financial
Price $675,000
Cap rate 7.88%
Current NOI $53,210.00
Lease

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