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Dollar General - Altoona, PA 5709 6th Ave

9,100 SF Retail Building Altoona, PA 16602 $2,986,935 CAD ($328 CAD/SF) 6.50% Cap Rate

Retail Buildings Pennsylvania Altoona 5709 6th Ave, Altoona, PA 16602

Investment Highlights

  • 5% Rent Increases Every 5 yrs in Initial Term

Executive Summary

5% Rent Increases Every 5 yrs in Initial Term
Upgraded façade
30,024 Population within 3 miles
15-yr Absolute NNN Lease
Zero Landlord Responsibilities
Rent commenced October 2023
3-Five Year Options
Corporate Guaranteed by Dollar General Corporation
Investment grade rated BBB by Standard and Poor’s
11,500+ Daily Traffic Count

Attachments

Altoona, PA DG OM

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2023
Price
$2,986,935 CAD
Price Per SF
$328 CAD
Cap Rate
6.50%
NOI
$194,151 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Land Acres
0.68 AC
Zoning
C - Commercial
Frontage
235 ft on 6th Ave

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dollar General
  • -
  • -
  • -
  • Oct 2038
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dollar General - - - Oct 2038
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-02132240
  • 01-02132360
  • 01-02132270
  • 01-02132330
 Improvements Assessment $715,717 CAD
Land Assessment $209,554 CAD Total Assessment $925,271 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-02132240
  • 01-02132360
  • 01-02132270
  • 01-02132330
Land Assessment
$209,554 CAD
Improvements Assessment
$715,717 CAD
Total Assessment
$925,271 CAD
(412) 225-7518

  • Listing ID: 30519567

  • Date on Market: 2024-01-03

  • Last Updated:

  • Address: 5709 6th Ave, Altoona, PA 16602

The Retail Property at 5709 6th Ave, Altoona, PA 16602 is currently available For Sale. Contact PennTex Ventures for more information.

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Dollar General - Altoona, PA | 5709 6th Ave
(412) 225-7518 x

Dollar General - Altoona, PA | 5709 6th Ave

Brendan Eisenbrandt

(412) 225-7518

(412) 225-7518

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