Dollar General - Houston, PA

Asset Type

Retail

Address
124 W Pike St Houston, PA United States 15342-1429
Asking Price

S$924,800

Sq Footage

9,100

Year Built

2005

Cap Rate

7.88%

Additional Attributes

Property Description

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


Listing Contacts
Jordan Uttal
Jordan Uttal
VP, Capital Markets
+65 3159 4021
CA - 1856260
John Woodcock
John Woodcock
Associate, Capital Markets
+65 3159 4021
CA - 02046050
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