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FAMILY DOLLAR | READING, PENNSYLVANIA

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
One (1) - Five (5) Year
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

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