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Dollar General 1650 Main St 10,669 SF Retail Building Olyphant, PA 18447 $2,148,133 ($201.34/SF) 6.75% Cap Rate
Investment Highlights
- Dollar General Relocation Store
- Sustainable Rental Rate
- Strong Retail Fundamentals
- Brand New 12-Year Lease
- Recent Comprehensive Redevelopment
- Dense and Stable Consumer Base
Executive Summary
Surmount is pleased to present the exclusive listing of a Dollar General located at 1650 Main Street in Olyphant, Pennsylvania. The property consists of approximately 10,669 square feet situated on an estimated 1.07-acre parcel. Dollar General has executed a new 12-year NNN lease with a projected commencement date of September 13, 2026. Initial annual rent is $144,999 and increases by 5% after Year 6 and at the beginning of each renewal option.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,669 SF
Building Class
B
Year Built
1999
Price
$2,148,133
Price Per SF
$201.34
Cap Rate
6.75%
NOI
$144,999
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.07 AC
Frontage
81’ on Main Ave
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11410070044 | Improvements Assessment | $1,347,430 |
| Land Assessment | $304,790 | Total Assessment | $1,652,220 |
Property Taxes
Parcel Number
11410070044
Land Assessment
$304,790
Improvements Assessment
$1,347,430
Total Assessment
$1,652,220
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