Listed by Elevate Net Lease
$498,544
Family Dollar - 9% Cap - Low Rent-To-Sales
Details
Property Type Retail, Industrial
Sub Type Convenience Store, Grocery Store
Square Footage 7,000
Cap Rate 9.00%
NOI $44,869
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Expiration 12/31/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options (2) 5 Year Options
Price per SqFt $71
Year Built 1997
Acreage 0.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 9.00% CAP | 7,000 SqFt
Marketing description
Elevate Net Lease is pleased to present a compelling single-tenant net lease investment opportunity featuring a 7,000 square foot freestanding Family Dollar store located in Midland, Pennsylvania. This property is offered at an attractive 9.00% cap rate with a sale price of $498,544 and a net operating income of $44,869. The tenant operates with an extremely low rent-to-sales ratio, supporting long-term store viability and enhancing the likelihood of continued tenancy and future renewals. The in-place rental rate is below market, creating meaningful upside potential through future lease negotiations, rent growth, or repositioning of the asset. Traffic counts exceeding 7,759 vehicles per day, supporting strong consumer access and exposure.
Investment highlights
- Attractive Single-Tenant Net Lease Investment: 7,000 SF freestanding building leased to Family Dollar
- Strong Yielding Opportunity at a 9.00% Cap Rate: Offered at $498,544 with an in-place NOI of $44,869, providing an attractive return
- Extremely Low Rent-to-Sales Ratio: Tenant operates with a very low occupancy cost, supporting long-term store viability and enhancing the likelihood of continued tenancy and future renewals.
- Below-Market Rent Providing Future Upside: In-place rental rate is below market, creating meaningful upside potential through future lease negotiations, rent growth, or repositioning of the asset.
- Dense and Stable Trade Area: The property serves 14,226 residents within a 5-mile radius, providing a consistent customer base for daily-needs retail.
- Strategic Location Within the Pittsburgh MSA: Located in Midland, PA, the property benefits from access to the greater Pittsburgh metropolitan area and its diverse economic drivers.
- Strong Visibility and Traffic Exposure: Positioned along a heavily traveled corridor with traffic counts exceeding 7,759 vehicles per day, supporting strong consumer access and exposure.
Listing Contacts
Listed by Elevate Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,869.00
$3,739.08/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
Map
Zoning
C-1 CommercialRetail CommercialCommunity Business
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View all 20 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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