14 SPRING ST Tremont PA 17981

Scope Commercial Real Estate Investment Services is pleased to exclusively present for sale the Family Dollar at 14 Spring Street, Tremont, PA. This local Family Dollar serves as a staple store for locals to shop for everyday items. According to Placer. ai, the subject property has had 116,900 visits over the last 12 months. Of the 116,900 visits, 61,600 visitors visited over 30 times in the last year, and the average visitor visited 8.17 times. From 2021 to 2023, the store experienced a remarkable surge in sales, boasting an impressive 12.22% increase over the two years. With a Rent/Sales ratio of just 3.89%, this property not only thrives but does so efficiently. Please contact brokers for more information.

The property features a Gross Leasable Area (GLA) of 8,000 square feet and was built to suit in 2006 in the downtown area of Tremont, PA. It offers 30 surface parking spaces, providing a parking ratio of 3.75 spaces per 1,000 square feet. The property has 143 feet of frontage on Spring Street and sits on a 0.72-acre lot. The lease is a NNN with the landlord responsible for the roof, structure, and capital expenditures, and reimbursed for common area maintenance. The lease was extended early by 5 years, leaving 7.5 years of term remaining. Notably, the early 5-year renewal was exercised 2.5 years early (Summer 2024), proving the tenant’s commitment to the site. The tenant has exercised three of their 5-year options thus far, providing 25 years of firm commitment to the site.

The store is slated on 2025’s Family Dollar renovation list, per discussion with the store manager. Additionally, the landlord has the ability to expand the building from 8,000 SF to 10,500 SF per an approved plan, adding an additional 2,500 SF. While the tenant is satisfied with the current footprint at this location, they have been provided the option by the landlord to expand to 10,500 SF.

Traffic counts in the area are as follows: Branch St/Union St at 3,800 vehicles per day, US Hwy 209/Water St at 2,600 vehicles per day, Spring Street/Bridge St at 1,500 vehicles per day, and Bridge St/Spring St at 1,500 vehicles per day.

Tremont, PA, is approximately 11.75 miles from Pottsville, PA, where there are a few large retailers located, such as Kohl’s, Aldi, Weis Markets, Lowe’s, Boscov’s, T-Mobile, Dollar Tree, and Wendy’s. The subject property is conveniently situated near major highways, making travel easy and accessible. Just 2 miles from I-81 with a combined VDP of 28,808, providing a direct route to Harrisburg, Scranton, and other nearby towns. Additionally, US-202 is about 1 mile away with a VDP of 3,171. This strategic location ensures that residents and visitors can enjoy the charm of a small town while having quick access to major roadways. Tremont, PA, is a small borough in Schuylkill County known for its rich railroad history. The borough has a population of 5,746 within 5 miles, and 40,031 within 10 miles. The average household income is $79,884 within 5 miles and $83,062 within 10 miles.

The Pottsville retail market is performing well, with a current vacancy rate of 2.3%, down from 2.6% last year. General retail buildings have an even lower vacancy rate of 1.5%, showing strong demand for properties. Rents have increased by 1.4% over the past year, averaging $11.10 per square foot. This upward trend indicates a growing market, making the property a solid investment. Sales activity is robust, with 22 transactions totaling $5.5 million in the past year. No new construction means less competition, and the total market inventory stands at 7.0 million square feet.

• High Foot Traffic: 116,900 visits in the last 12 months, with 61,600 frequent visitors.

• Sales Performance: 12.22% sales increase (2021-2023) with a 3.89% Rent/Sales ratio, showcasing efficiency and growth.

• Strong Lease: NNN lease with 7.5 years remaining, including an early 5-year renewal exercised 2.5 years early, showing 25 years of tenant commitment.

• Prime Location & Accessibility: 8,000 sq ft in downtown Tremont with 30 parking spaces, close to I-81 and US-209.

• Future Renovations: Store is on the 2025 renovation list.

• Expansion Potential: Landlord can expand the building to 10,500 SF, though the tenant is currently satisfied with the existing footprint