For Sale

Family Dollar

399 Farmington Ave,
Pottstown (Philadelphia MSA), PA 19464

Asset Snapshot

Regional Mall
Retail Subtype
$158,841.24
NOI
2016
Year Built
1
Floor Count
1
Building Count
1.70 Acres
Land Area

Offering Summary

Investment Overview

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Investment Highlights

  • Absolute NNN Lease – Tenant is responsible for taxes, insurance, CAM, roof and structure, providing a passive investment with no landlord responsibilities. A True “Mailbox Management” Asset.
  • Established Family Dollar Location – Family Dollar has operated at this location since 2016, demonstrating an established operating history in the Pottstown market.
  • Nationally Recognized Tenant – Family Dollar has operated since 1959 and maintains an extensive nationwide footprint, providing affordable everyday essentials through convenient neighborhood-based stores.
  • Attractive 8.25% Cap Rate – Offered at $1,925,345, providing a strong going-in yield with approximately 4.5 years remaining on the current lease term.
  • Six 5-Year Renewal Options – Significant long-term tenancy potential with 10% rent increases during each option period.
  • Dense Infill Neighborhood Location – Positioned within an established Pottstown neighborhood surrounded by residential density, schools, businesses and everyday community services.
  • Strong Surrounding Demographics – Approximately 85,934 residents within five miles, with an average household income of approximately $113,808.
  • Attractive Real Estate Fundamentals – 8,445 SF building situated on approximately 1.70 acres with a $227.99/SF acquisition basis and $18.81/SF rent, providing solid underlying real estate value and future re-tenanting flexibility.

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$1,925,345
Asking Price

Investment Sales Broker

Brandon Hanna
Encore Real Estate Investment Services

Market Insights