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640 W Centre St 8,320 SF Retail Building Shenandoah, PA 17976 $1,150,000 ($138.22/SF) 9.08% Cap Rate
Executive Summary
Property Highlights:
Double-Net Lease (NN+): Tenant is fully responsible for property taxes & insurance
Landlord Responsibilities: Exterior structural portions of building
Recent Renewal: Family Dollar exercised their first 5-year option June 2023
Demographics: Population of 23,595 residents within a 5-mile radius
Household Income: Average household income of $67,200 within a 5-mile radius
Brand Ranking: Top 40th Percentile of Family Dollar locations in PA (Source: AlphaMap.com)
Strategic Location: Directly across the street from Shenandoah Valley School District (1,231 students)
Site Positioning: Adjacent to strip center including Domino’s, Sunoco & Boyer’s Food Market (88,543 total visits/month)
Double-Net Lease (NN+): Tenant is fully responsible for property taxes & insurance
Landlord Responsibilities: Exterior structural portions of building
Recent Renewal: Family Dollar exercised their first 5-year option June 2023
Demographics: Population of 23,595 residents within a 5-mile radius
Household Income: Average household income of $67,200 within a 5-mile radius
Brand Ranking: Top 40th Percentile of Family Dollar locations in PA (Source: AlphaMap.com)
Strategic Location: Directly across the street from Shenandoah Valley School District (1,231 students)
Site Positioning: Adjacent to strip center including Domino’s, Sunoco & Boyer’s Food Market (88,543 total visits/month)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,320 SF
Building Class
C
Year Built
2014
Price
$1,150,000
Price Per SF
$138.22
Cap Rate
9.08%
NOI
$104,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.20 AC
Zoning
Commercial
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64-01-0002.004 | Improvements Assessment | $1,083,800 |
| Land Assessment | $37,000 | Total Assessment | $1,120,800 |
Property Taxes
Parcel Number
64-01-0002.004
Land Assessment
$37,000
Improvements Assessment
$1,083,800
Total Assessment
$1,120,800
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