FAMILY DOLLAR | READING, PENNSYLVANIA
INVESTMENT SUMMARY
Purchase Price
$1,094,377
Location
433 W Douglass St
Cap Rate
9.00%
Annual Rent
$98,494.08
Building Size
9,100 SF
Land Area
0.36 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
3 Years
LEASE EXPIRATION
12/31/2027
Renewal Options
RENT INCREASES
10% in Option
Parking
10 Spaces
Year Built
2005
APN
5307-55-34-4649
Traffic Counts
9,216 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- 3.20 Years Remaining in the Existing Lease Term (Lease Exp: 12/31/2027)
- One (1) - Five (5) Year Option at 10% Rental Increase
LONG TERM OPERATING HISTORY - 19+ YEARS:
- Family Dollar Has Operated at this Location Since 2005
- Tenant Has Exercised Every Option with No Landlord Concessions at the 10% Rental Increase
STRONG PERFORMING STORE:
- Tenant Required to Report Store Sales Annually (Contact Agent for Details)
- 2023 Rent to Sales Ratio = 4.90%
NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof, Parking Lot & Structure
- Tenant is Responsible for Maintenance and Repair/Replacement of HVAC Units
- Tenant is Responsible for Snow Removal and Restriping of Parking Area
PROXIMITY FROM READING, PENNSYLVANIA:
- Allentown, PA | 35 Miles
- Wilmington, DE | 56 Miles
- Philadelphia, PA | 58 Miles
- Newark, NJ | 113 Miles
- New York, NY | 123 Miles
- Washington, D.C. | 138 Miles
- Pittsburgh, PA | 262 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 30,675 Residents | $66,411 Average Household Income
- 3-Mile: 138,317 Residents | $80,435 Average Household Income
- 5-Mile: 217,742 Residents | $92,989 Average Household Income
- 7-Mile: 256,694 Residents | $99,433 Average Household Income
TENANT:
- Strong Corporate Guaranty (NASDAQ: "DLTR") - Dollar Tree, Inc. Is Rated "BBB-" by Standard & Poor's
- 16,388 Stores as of August 3, 2024
- Ranked #137 on the Fortune 500 List