Family Dollar | Dollar Tree

58 Main Street, Lawrenceville, PA 16929

$1,774,138

Cap Rate 7.25%

Views: 123 DOM: 341 Updated: 10.30.24 Posted: 12.16.23 Status: Active

Summary

Price $1,774,138	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.25%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 12-01-2023	#Units 1,200
Price/SF $168.97	Expiration 12-01-2033	Tenant Type Dollar/Discount
NOI $128,625	R. Term 9.0	Ownership Fee Simple
Rent/SF $12.25	Increases 0.0%/10/yrs	Pop 5Mi 6,359
Lot/AC 0.68	Options 4/5yrs	AHHI 5Mi $68,652

Robert Bender

Fortis Net Lease

Contact

Lease Highlights

Brand-new construction | Opening Q4 2023
Tenant recently signed a new 10-year lease with 4 (5-year) options to extend
Lease features $0.50/SF rental increase at the start of each option
Corporate guaranteed lease
Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located at the signalized, hard corner intersection of Main Street and Cowanesque Street, with a combined daily traffic count of 7,804 vehicles. The property enjoys high visibility and is positioned on the primary retail thoroughfare in Pennsylvania. In the immediate vicinity, there are well-known national tenants like Subway and Napa Auto Parts....

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Key Features

New construction
Signalized intersection
Hard corner intersection
Brand new lease
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Lawrenceville, Pennsylvania Zip Code 16929 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	916	2,373	4,188
2023 Total Population :	898	2,368	4,206
2023 Employed Civilian Pop :	416	1,050	1,859
2023 Total Businesses :	34	64	105
2023 Average Household Income :	$ 79,835	$ 83,902	$ 87,255
2023 Total Consumer Spending :	$ 25 M	$ 70 M	$ 128 M
2023 Median Age :	43	44	44
2023 Total Households :	367	965	1,679
2023 Pop Age 25+: Bachelor's Degree :	107	195	344
2023 Average Home Value :	$ 188,989	$ 201,546	$ 199,719

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Academy Street	Hwy287	2021	3,296	0.06 mi
Rte 287	State St	2017	2,875	0.10 mi
	Franklin St	2022	170	0.15 mi
	Ruth's Ln	2022	96	0.16 mi
Rte 287	Chamberlain Ln	2017	3,437	0.20 mi
Cowanesque St	Hwy 49	2017	4,045	0.32 mi
Mechanic Street	State St	2021	401	0.36 mi
	State Hwy49	2022	1,049	0.65 mi
Tioga River Rd	Beers Rd	2015	3,500	0.67 mi
		2019	1,413	0.69 mi

Listing Broker

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