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Family Dollar - Reading, PA 400 S 6th St 9,568 SF Retail Building Reading, PA 19602 $1,728,841 ($180.69/SF) 7.25% Cap Rate



Investment Highlights
- RECENT LEASE EXTENSION
- TOP NATIONAL PERFORMER (PLACER.AI)
- ABSOLUTE NNN – DEPRECIABLE ASSET
Executive Summary
RECENT LEASE EXTENSION | LONG-TERM COMMITMENT | Family Dollar recently extended its lease, demonstrating long-term commitment to the site. Close to 10 years of remaining lease term provide durable cash flow visibility.
BUILT-IN NOI GROWTH | Lease includes 10% rental increases every 5 years during the base term. Continued 10% increases throughout all remaining 5-year option periods.
STRONG SITE PERFORMANCE | TOP 22% NATIONWIDE LOCATION | Property Ranks in the top 22% of locations nationally based on annual visits. Demonstrates strong and consistent customer traffic levels at the site.
ABSOLUTE NNN LEASE STRUCTURE | PASSIVE INVESTMENT | Tenant is responsible for taxes, insurance, and maintenance.
FEE SIMPLE OWNERSHIP | TAX DEPRECIATION | Tax depreciation benefits enhance investor value. Fee simple ownership offers long-term control of the underlying real estate.
4TH LARGEST CITY IN PA | DENSE POPULATION | Positioned along South 6th Street with approximately 10,000 combined vehicles per day. Serves nearly 212,000 residents within a 5-mile radius in Reading.
STRONG TRAFFIC & REGIONAL CONNECTIVITY | PRIMARY COMMUTER CORRIDORS | Direct access to US Route 422 (40K VPD) and US Route 222 (37K VPD). Connecting Reading, Wyomissing, Lancaster, and Allentown.
GROWTH MARKET | EXPECTED POPULATION GROWTH | Surrounding population projected to continue growing over the next five years. Expanding consumer base supports long-term retail demand and tenant performance.
POSITIVE TENANT OUTLOOK | Family Dollar generated approximately $13 billion in revenue in fiscal year 2025. Reported 2.5% comparable sales growth and projects continued
positive growth in 2026.
STRONG HEALTHCARE & EDUCATION PRESENCE | STABLE DAYTIME POPULATION DRIVERS | Near Reading Hospital, a 697-bed teaching hospital within the Tower Health network employing 10,000+ employees systemwide. Proximity to Alvernia University, with approximately 3,000 students. Nearby Exeter Township Senior High School enrolls
approximately 1,300 students,
ESTABLISHED RETAIL & ENTERTAINMENT CORRIDOR | REGIONAL SHOPPING & EVENT DESTINATIONS | Located near Downtown Reading and the dominant Wyomissing
retail trade area. Proximity to Berkshire Mall and the Mt. Penn retail corridor. Minutes from Santander Arena, an 8,800-seat venue that has hosted more than 2,800 events driving consistent regional traffic.
BUILT-IN NOI GROWTH | Lease includes 10% rental increases every 5 years during the base term. Continued 10% increases throughout all remaining 5-year option periods.
STRONG SITE PERFORMANCE | TOP 22% NATIONWIDE LOCATION | Property Ranks in the top 22% of locations nationally based on annual visits. Demonstrates strong and consistent customer traffic levels at the site.
ABSOLUTE NNN LEASE STRUCTURE | PASSIVE INVESTMENT | Tenant is responsible for taxes, insurance, and maintenance.
FEE SIMPLE OWNERSHIP | TAX DEPRECIATION | Tax depreciation benefits enhance investor value. Fee simple ownership offers long-term control of the underlying real estate.
4TH LARGEST CITY IN PA | DENSE POPULATION | Positioned along South 6th Street with approximately 10,000 combined vehicles per day. Serves nearly 212,000 residents within a 5-mile radius in Reading.
STRONG TRAFFIC & REGIONAL CONNECTIVITY | PRIMARY COMMUTER CORRIDORS | Direct access to US Route 422 (40K VPD) and US Route 222 (37K VPD). Connecting Reading, Wyomissing, Lancaster, and Allentown.
GROWTH MARKET | EXPECTED POPULATION GROWTH | Surrounding population projected to continue growing over the next five years. Expanding consumer base supports long-term retail demand and tenant performance.
POSITIVE TENANT OUTLOOK | Family Dollar generated approximately $13 billion in revenue in fiscal year 2025. Reported 2.5% comparable sales growth and projects continued
positive growth in 2026.
STRONG HEALTHCARE & EDUCATION PRESENCE | STABLE DAYTIME POPULATION DRIVERS | Near Reading Hospital, a 697-bed teaching hospital within the Tower Health network employing 10,000+ employees systemwide. Proximity to Alvernia University, with approximately 3,000 students. Nearby Exeter Township Senior High School enrolls
approximately 1,300 students,
ESTABLISHED RETAIL & ENTERTAINMENT CORRIDOR | REGIONAL SHOPPING & EVENT DESTINATIONS | Located near Downtown Reading and the dominant Wyomissing
retail trade area. Proximity to Berkshire Mall and the Mt. Penn retail corridor. Minutes from Santander Arena, an 8,800-seat venue that has hosted more than 2,800 events driving consistent regional traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,568 SF
Building Class
B
Year Built
2016
Price
$1,728,841
Price Per SF
$180.69
Cap Rate
7.25%
NOI
$125,341
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.70 AC
Zoning
R-3
Parking
24 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
116’ on 6th St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | 99,999 SF | - | Jan 0000 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-5306-35-87-3709 | Improvements Assessment | $1,062,000 |
| Land Assessment | $87,100 | Total Assessment | $1,149,100 |
Property Taxes
Parcel Number
01-5306-35-87-3709
Land Assessment
$87,100
Improvements Assessment
$1,062,000
Total Assessment
$1,149,100
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Family Dollar - Reading, PA | 400 S 6th St
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