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33622504
33622501

400 South 6th Street, Reading, PA 19602

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$1,728,841
4 days on market
Updated 4 days ago

Family Dollar

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,568
Cap Rate 7.25%
NOI $125,341
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Lease Term 20
Remaining Term 9.8
Rent Bumps Yes
Year Built 2016
Acreage 0.700
Zoning R-3
Parking Spaces 24 spaces
Parking Per SqFt 2.51
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2016
Ground Lease No
Sale Condition For sale by owner

RECENT LEASE EXTENSION | ABSOLUTE NNN – DEPRECIABLE ASSET

Investment highlights

RECENT LEASE EXTENSION | LONG-TERM COMMITMENT

• Family Dollar recently extended its lease, demonstrating long-term commitment to the site

• Close to 10 years of remaining lease term provide durable cash flow visibility

GROWTH MARKET | EXPECTED POPULATION GROWTH

• Surrounding population projected to continue growing over the next five years

• Expanding consumer base supports long-term retail demand and tenant performance

BUILT-IN NOI GROWTH

• Lease includes 10% rental increases every 5 years during the base term

• Continued 10% increases throughout all remaining 5-year option periods

POSITIVE TENANT OUTLOOK

• Family Dollar generated approximately $13 billion in revenue in fiscal year 2025

• Reported 2.5% comparable sales growth and projects continued positive growth in 2026

STRONG SITE PERFORMANCE | TOP 22% NATIONWIDE LOCATION

• Property Ranks in the top 22% of locations nationally based on annual visits

• Demonstrates strong and consistent customer traffic levels at the site

STRONG HEALTHCARE & EDUCATION PRESENCE | STABLE DAYTIME POPULATION DRIVERS

• Near Reading Hospital, a 697-bed teaching hospital within the Tower Health network employing 10,000+ employees systemwide

• Proximity to Alvernia University with approximately 3,000 students

• Nearby Exeter Township Senior High School enrolls approximately 1,300 students

FEE SIMPLE OWNERSHIP | TAX DEPRECIATION

• Tax depreciation benefits enhance investor value

• Fee simple ownership offers long-term control of the underlying real estate

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,341.00
$10,445.08/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyResidential District
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Timothy Stephenson, Jr.
License
PA RMR006104
Brokerage
Marcus & Millichap
Title
Broker of Record
Name
Derrick Dougherty
License
PA RS305854
Brokerage Phone
2155317026
Title
PA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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