Cap Rate: 6.75%
Net Operating Income: $110,690
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with a newly executed absolute NNN lease in Lehighton, PA.
This is a new 15 year lease calling for zero landlord obligations. The tenant has three 5 year renewal options with 10% increases. The building is newly constructed. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
Lehighton is a borough in Carbon County, Pennsylvania, United States, 77 miles (124 km) north of Philadelphia, and 54 miles (87 km) south of Scranton. In the past, it developed early industries because of water power from the Lehigh River. With the location of a repair facility here and its regional operations, the Lehigh Valley Railroad became for years a major employer of thousands of people from the area.