1615 Lincoln Way
White Oak, PA 15131
Dollar Tree / Rite Aid · Retail Property For Sale

The subject property is a two-tenant freestanding building 100% occupied by Dollar Tree and Rite Aid. It is situated at the corner of Lincoln Way and McClure Lane directly across the street from an PNC Bank. The subject property is centrally located and has direct street frontage along Lincoln Way, with strong average daily traffic counts of 16,117. It is located across the street from a PNC Bank and several local retailers. Located a half mile south is Oak Park Mall, a shopping center anchored by Giant Eagle, Pet Supplies Plus and Busy Beaver Building Center. There are over 4,000 households located within a one-mile radius and over 132,297 residents located within a five-mile radius. The subject is located just 16 miles southeast of Downtown Pittsburgh. Dollar Tree recently executed a new 10-year corporate lease in late 2015 which includes two, five-year renewal options with landlord-friendly $0.50 per square-foot rent increases. The lease is corporately guaranteed by Dollar Tree Stores, Inc. (the #1 dollar store retailer in the U.S.). The lease is double net, with minimal landlord maintenance responsibilities, including (but not limited to) the building' s roof, structure, parking lot and HVAC (replacement only).