2020 Spring Garden Ave
Pittsburgh, PA 15212
Retail Property For Sale

Marcus & Millichap, on behalf of ownership is pleased to bring to market a 7,000 square foot Family Dollar in Pittsburgh, Pennsylvania. Family Dollar recently exercised their second renewal option that expires December 31, 2023, providing nearly five years of committer lease term. Family Dollar is required to report store sales at this location with the most recently reported figures from 2018 at over $1.4M. There are three, five-year renewal options currently remaining with ten percent rental increases in each. Their lease is double net structured with minimal landlord responsibilities. The tenant is responsible for real estate taxes (paid as monthly reserves), insurance, common area maintenance, parking lot repairs and HVAC repairs/replacement (excluding replacements during the last two years of any extended lease term). The Landlord’s primary responsibilities include roof, structure and parking lot replacement.