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Views: 44 DOM: 153 Updated: 05.03.24 Posted: 12.16.23 Status: Active

Summary

Price $1,774,138
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 12-01-2023
#Units 1,200
Price/SF $168.97
Expiration 12-01-2033
Tenant Type Dollar/Discount
NOI $128,625
R. Term 9.6
Ownership Fee Simple
Rent/SF $12.25
Increases 0.0%/10/yrs
Pop 5Mi 6,359
Lot/AC 0.68
Options 4/5yrs
AHHI 5Mi $68,652

Lease Highlights

  • Brand-new construction | Opening Q4 2023
  • Tenant recently signed a new 10-year lease with 4 (5-year) options to extend
  • Lease features $0.50/SF rental increase at the start of each option
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located at the signalized, hard corner intersection of Main Street and Cowanesque Street, with a combined daily traffic count of 7,804 vehicles. The property enjoys high visibility and is positioned on the primary retail thoroughfare in Pennsylvania. In the immediate vicinity, there are well-known national tenants like Subway and Napa Auto Parts....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 916 2,373 4,188
2023 Total Population : 898 2,368 4,206
2023 Employed Civilian Pop : 416 1,050 1,859
2023 Total Businesses : 34 64 105
2023 Average Household Income : $ 79,835 $ 83,902 $ 87,255
2023 Total Consumer Spending : $ 25 M $ 70 M $ 128 M
2023 Median Age : 43 44 44
2023 Total Households : 367 965 1,679
2023 Pop Age 25+: Bachelor's Degree : 107 195 344
2023 Average Home Value : $ 188,989 $ 201,546 $ 199,719
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Academy Street Hwy287 2021 3,296 0.06 mi
Rte 287 State St 2017 2,875 0.10 mi
Franklin St 2022 170 0.15 mi
Ruth's Ln 2022 96 0.16 mi
Rte 287 Chamberlain Ln 2017 3,437 0.20 mi
Cowanesque St Hwy 49 2017 4,045 0.32 mi
Mechanic Street State St 2021 401 0.36 mi
State Hwy49 2022 1,049 0.65 mi
Tioga River Rd Beers Rd 2015 3,500 0.67 mi
2019 1,413 0.69 mi

Listing Broker

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