List Search

16074 Route 287
Tioga, PA 16946

$1,603,485 USD

Freestanding For Sale  •  10,640 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,640 SF
  • Lot Size 4.36 AC
  • Building Class C
  • Year Built 2023
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
6 Walk Score

Highlights

Brand new 15-year Absolute NNN lease with three, 5-year renewal options, making this an ideal investment for the passive investor
Corporately guaranteed by Dollar General, an investment grade credit tenant (S&P: BBB) with nearly 20,000 locations and 2023 revenue of $37.88B
Just 8 miles from the New York-Pennsylvania border. This Dollar General is just 2 miles from on/offramps to U.S. Highway 15 (9,442 VPD)
10% rent increases in each of three options to renew
Ideally situated with signage and excellent frontage on PA-287 (3,085 VPD), the primary traffic route into and through Tioga.
The Dollar General Plus prototypes have outperformed the chain’s comp sales and have seen considerably higher sales volume than traditional stores
Cap Rate: 7.00 %

Public Transportation

AirportDriveWalkDistance
Elmira/Corning Regional 43 min - 33.7 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.