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14 Spring St 8,000 SF Retail Building Tremont, PA 17981 $825,000 ($103.13/SF) 8.50% Cap Rate
Investment Highlights
- Prime Location: Strategically positioned at the intersection of Main Street and Spring Street, this Family Dollar is situated in the heart of Tremont,
- Operating History: Tenant has been at this location for 25+ years
- Retail Anchor: Family Dollar serves as a one stop destination for Tremont residents, providing affordable groceries, health and beauty products, house
- Freshly executed 5-year lease extension with two 5-year renewal options with 10% increases
- Tenant Strength: Investment-grade tenant with over 800 locations across PA/NJ/DE/NY
Executive Summary
MSC Retail is pleased to exclusively present the opportunity to acquire a single-tenant,
net leased Family Dollar located in Tremont, Pennsylvania. The property consists of an
8,000-square-foot, build-to-suit retail building completed in 2006 and occupied by Family
Dollar since its original construction. The tenant currently has approximately five (5)
years remaining on its lease, which includes two (2) additional five-year renewal options.
Demonstrating a strong long-term commitment to the location, Family Dollar exercised
one of its three (3) five-year renewal options approximately 2.5 years before the expiration
of its original term.
Strategically positioned at the signalized intersection of Main Street and Spring Street in
the heart of Tremont, the property serves as a primary retail destination for the surrounding
community. With limited competing retail in the immediate trade area, Family Dollar
functions as a convenient one-stop shopping destination, offering groceries, household
essentials, health and beauty products, and seasonal merchandise. The property's
established presence, essential-use tenancy, and strong market position make it a critical
retail anchor that continues to meet the everyday needs of the local population.
net leased Family Dollar located in Tremont, Pennsylvania. The property consists of an
8,000-square-foot, build-to-suit retail building completed in 2006 and occupied by Family
Dollar since its original construction. The tenant currently has approximately five (5)
years remaining on its lease, which includes two (2) additional five-year renewal options.
Demonstrating a strong long-term commitment to the location, Family Dollar exercised
one of its three (3) five-year renewal options approximately 2.5 years before the expiration
of its original term.
Strategically positioned at the signalized intersection of Main Street and Spring Street in
the heart of Tremont, the property serves as a primary retail destination for the surrounding
community. With limited competing retail in the immediate trade area, Family Dollar
functions as a convenient one-stop shopping destination, offering groceries, household
essentials, health and beauty products, and seasonal merchandise. The property's
established presence, essential-use tenancy, and strong market position make it a critical
retail anchor that continues to meet the everyday needs of the local population.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2006
Price
$825,000
Price Per SF
$103.13
Cap Rate
8.50%
NOI
$70,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 67-04-0203.000 | Improvements Assessment | $738,800 |
| Land Assessment | $24,700 | Total Assessment | $763,500 |
Property Taxes
Parcel Number
67-04-0203.000
Land Assessment
$24,700
Improvements Assessment
$738,800
Total Assessment
$763,500
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14 Spring St