Listed by Matthews
$1,250,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 8,320
Net Rentable (SqFt) 8,320
Cap Rate 9.33%
NOI $116,569
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $150
Year Built 2012
Acreage 2.120
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2024
Occupancy Date 08/01/2012
Ground Lease No
Ownership Fee Simple
9.33% CAP | Recent 5-Year Renewal
Investment highlights
Property Highlights
- Double-Net Lease (NN+): Tenant is fully responsible for property taxes & insurance
- Landlord Responsibilities: Exterior structural portions of building
- Recent Renewal: Family Dollar exercised their first 5-year option in January 2024
- Renewal Options: Three, 5-year options with 10% rental increases remaining
- Demographics: Population of 13,254 residents within a 10-mile radius of the site
- Household Income: Average household income of $80,037 within a 5-mile radius
- Brand Ranking: Top 55th Percentile of Family Dollar locations in PA
Location Highlights
- Highway Located: Strategically located at exit 35 off Interstate-80 (±24,100 VPD)
- Site Positioning: 0.5 miles from 33,00 SF full-service commercial trucking dealership, Kenworth of PA (79,740 monthly visits)
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$116,569.00
$9,714.08/mo
Valuation Metrics
0
DSCR
9.33%
Cap Rate
9.33%
ROI
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