• An Award Winning Net Lease & Retail Commercial Real Estate Group

Family Dollar NN in Renovo, PA

900 Huron Ave, Renovo, PA 17764, USA
$348,311

Description

Marcus & Millichap is pleased to present for sale this Net-Leased Family Dollar located at 900 Huron Avenue, Renovo, Pennsylvania in Clinton County, 150 miles East of downtown Pittsburgh, PA and 130 miles North of Harrisburg, PA. The subject property consists of 8,000 square feet of retail space that is situated on a 0.75 acre parcel of land at the corner of Huron Avenue and 9th Street. There is no direct competition in this trade area. There are over 4.5 years remaining this double-net (NN) lease where the landlord is responsible for roof and structure, parking lot maintenance. including snow removal, which is reimbursed by the tenant as outlined on page 9. The offering provides a flat initial term with 10 percent increases in each of the four option periods. Family Dollar previously outlined extended the lease term once for five years, reiterating their commitment to the location and market. Family Dollar is one of the fastest growing discount store chains in the United States. Their merchandising strategy is what drives their growth and provides customers with attractive values on basic goods for the family and home in a small-box, neighborhood format. For over 50 years, Family Dollar has provided customers with value and convenience. Dollar Tree officially acquired Family Dollar for $8.5 Billion, combining for over 13,000 stores in 48 states and 5 Canadian Provinces with sales of over $18 Billion.

 

■ S&P RATED BB+ (DOLLAR TREE INC.)
■ 10 PERCENT INCREASE IN OPTION PERIODS
■ OVER 4.5 YEARS REAMING IN INITIAL TERM
■ NN LEASE – MINIMAL LANDLORD RESPONSIBILITIES
■ NATIONAL TENANT WITH STRONG FINANCIALS: BB+ CREDIT RATING BY S&P
■ PRIME POSITIONING WITH LIMITED COMPETITION: EXCELLENT INGRESS AND
EGRESS

  • Address: 900 Huron Ave, Renovo
  • City: Renovo
  • State/county: Pennsylvania
  • Zip/Postal Code: 17764
  • Country: United States

Detail

  • Price: $348,311
  • Year Built: 2001

Additional details

  • CAP Rate: 8.75%
  • NOI: $30,473

Features