200 S Diamond St, Mount Pleasant, PA
Retail for Sale - $450,000 - 12,100 Sq. Ft.
Property Info
| CIMLS# | 968232 |
| Location 200 S Diamond St Mount Pleasant PA 15666 | |
| Updated | February 12th, 2018 |
| Type | Retail |
| Price | $450,000 |
| Building | 12,100 Sq. Ft. |
Property Description
200 S Diamond St is a free-standing retail property with 8,890 sf leased to Dollar General Corporation and 3,210 sf vacant.
Dollar General has extended its current lease term to 2020 and has another five year option to 2025; $39,900 NNN annual rent, with a 9% escalation in the option period.
The vacant space is comprised of an insulated metal building with steel beams and open span and a loading dock, suitable for office, retail or light manufacturing. Current owner willing to lease back this space for $12,000 annually.
Location Description:
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Highlights:
>> NNN corporate-guaranteed lease, with options to 2025
>> Additional open floor plan space available for many uses
>> 11.5% pro forma cap rate