Shopping Strip
Family Dollar Center
2304 N 3rd St, Harrisburg, PA 17110
Listing Price: $2,490,000
Investment Overview
Marcus & Millichap is pleased to present Family Dollar & Dolly’s Uptown Laundry, a 100 percent occupied two-tenant strip center located in Harrisburg, Pennsylvania. The subject property was extensively renovated in 2012, measures 15,650 square-feet, and is situated on an oversized 1.47 acre parcel. Family Dollar is the sites largest tenant and currently occupies 11,900 square feet which accounts for 76 percent of the building. Family Dollar joined the site in 2012 and just exercised their first five year option, which included a 10 percent rent bump. Family Dollar is currently paying a very reasonable rent of $13.87 per Square Foot and is the only Family Dollar within a 10-minute radius. This Family Dollar location has displayed tremendous historical & consistent success, ranking within the 98th percentile in the nation, and 99th percentile in the state of Pennsylvania for foot-traffic, per Placer.Ai. Family Dollar is encumbered by a triple net lease in which landlord receives full reimbursement of Tax, CAM, Insurance and Management expenses. FD’s lease is guaranteed by parent company Dollar Tree, who is currently ranked #131 on the Fortune 500, holds investment grade credit by Moody’s (Baa2) and is traded on the NASDAQ under ticker symbol (DLTR). The remaining space is leased to Dolly’s Uptown Laundry, a longstanding laundromat in the area since 2014. Dolly’s Uptown Laundry is currently playing reasonable rent of $12.47 per Square Foot and is encumbered by a triple-net lease, covering Tax, CAM, and Insurance expenses. Landlord benefits from ease of management with only two national tenants, long-term historical tenancy, favorable lease structures, prominent rent bumps over-time, and strong fundamental real estate.
Family Dollar & Dolly’s Uptown Laundry has a prime location along N. 3rd St, one of the main routes running through Harrisburg. N. 3rd St sees over 7,350 vehicles per day and is strategically placed in the walkable center of Harrisburg, which caters extremely well to the immediate demographics. Populations counts in the region are extremely dense with 13,682 people within one mile, 85,855 within three miles and 188,234 within five miles. Despite demographics being extremely dense, there is a lack of convenience, grocery & dollar stores within the immediate area, rendering this the go-to site.
Harrisburg is the Capital of Pennsylvania and the county seat of Dauphin County. Harrisburg is part of the Harrisburg–York–Lebanon, CSA (also known as Susquehanna Valley), which has total population count of over 2,219,000 people. With modern incorporation dating back to 1719, Harrisburg is one of the longest standing towns in the United States and continues to grow & advance. Major Employers in the region include Commonwealth of Pennsylvania (21,885 employees), United States Federal Government (18,000 employees), Giant Food (8,902 employees) and Penn State Hershey Medical Center (8,849 employees). Harrisburg is 110 miles from Philadelphia, 170 miles from New York, New York, and 122 miles from Washington DC.
Investment Highlights
- 15,650 Square-Foot Strip Center in Harrisburg, Pennsylvania | Part of Susquehanna Valley with Population of Over 2.22m
- Anchored by Family Dollar | Brand-New Five-Year Extension | Accepted Option Term Per Lease Which Included 10 Percent Rent Bump
- Family Dollar Location Ranks 98th Percentile in United States for Foot-Traffic via Placer.Ai | Only Location within a 10-Minute Radius | Ranks 99th Percentile in State of Pennsylvania | Over 147,7
- Family Dollar Occupies 11,900 Square Feet | 76 Percent of GLA and 78 Percent of Base Rent | Paying Very Reasonable Rent of $13.87 per Square Foot Triple-Net | Corporate Guaranteed Lease
- Dolly's Uptown Laundry | 24 Percent of GLA and Base Rent | Cheap Rent of $12.47 per Square Foot Triple-Net
- Ease of Management with Only Two Tenants | NNN Leases Covering Strong Portion of TAX/CAM/INS Expenses
- Strategic Location Situated in Center of Harrisburg | Caters Extremely Well to Demographics | Walkable Location with Minimal Dollar, Convenience, and Grocery Competition Nearby
- Huge Population Counts | 13,682 within One Mile, 85,855 within Three Miles, and 188,234 within Five Miles | Harrisburg is the Capital of Pennsylvania
Broker of Record
Financing By
Listing Price: $2,490,000
Investment Highlights
- 15,650 Square-Foot Strip Center in Harrisburg, Pennsylvania | Part of Susquehanna Valley with Population of Over 2.22m
- Anchored by Family Dollar | Brand-New Five-Year Extension | Accepted Option Term Per Lease Which Included 10 Percent Rent Bump
- Family Dollar Location Ranks 98th Percentile in United States for Foot-Traffic via Placer.Ai | Only Location within a 10-Minute Radius | Ranks 99th Percentile in State of Pennsylvania | Over 147,7
- Family Dollar Occupies 11,900 Square Feet | 76 Percent of GLA and 78 Percent of Base Rent | Paying Very Reasonable Rent of $13.87 per Square Foot Triple-Net | Corporate Guaranteed Lease
- Dolly's Uptown Laundry | 24 Percent of GLA and Base Rent | Cheap Rent of $12.47 per Square Foot Triple-Net
- Ease of Management with Only Two Tenants | NNN Leases Covering Strong Portion of TAX/CAM/INS Expenses
- Strategic Location Situated in Center of Harrisburg | Caters Extremely Well to Demographics | Walkable Location with Minimal Dollar, Convenience, and Grocery Competition Nearby
- Huge Population Counts | 13,682 within One Mile, 85,855 within Three Miles, and 188,234 within Five Miles | Harrisburg is the Capital of Pennsylvania
Investment Overview
Marcus & Millichap is pleased to present Family Dollar & Dolly’s Uptown Laundry, a 100 percent occupied two-tenant strip center located in Harrisburg, Pennsylvania. The subject property was extensively renovated in 2012, measures 15,650 square-feet, and is situated on an oversized 1.47 acre parcel. Family Dollar is the sites largest tenant and currently occupies 11,900 square feet which accounts for 76 percent of the building. Family Dollar joined the site in 2012 and just exercised their first five year option, which included a 10 percent rent bump. Family Dollar is currently paying a very reasonable rent of $13.87 per Square Foot and is the only Family Dollar within a 10-minute radius. This Family Dollar location has displayed tremendous historical & consistent success, ranking within the 98th percentile in the nation, and 99th percentile in the state of Pennsylvania for foot-traffic, per Placer.Ai. Family Dollar is encumbered by a triple net lease in which landlord receives full reimbursement of Tax, CAM, Insurance and Management expenses. FD’s lease is guaranteed by parent company Dollar Tree, who is currently ranked #131 on the Fortune 500, holds investment grade credit by Moody’s (Baa2) and is traded on the NASDAQ under ticker symbol (DLTR). The remaining space is leased to Dolly’s Uptown Laundry, a longstanding laundromat in the area since 2014. Dolly’s Uptown Laundry is currently playing reasonable rent of $12.47 per Square Foot and is encumbered by a triple-net lease, covering Tax, CAM, and Insurance expenses. Landlord benefits from ease of management with only two national tenants, long-term historical tenancy, favorable lease structures, prominent rent bumps over-time, and strong fundamental real estate. Family Dollar & Dolly’s Uptown Laundry has a prime location along N. 3rd St, one of the main routes running through Harrisburg. N. 3rd St sees over 7,350 vehicles per day and is strategically placed in the walkable center of Harrisburg, which caters extremely well to the immediate demographics. Populations counts in the region are extremely dense with 13,682 people within one mile, 85,855 within three miles and 188,234 within five miles. Despite demographics being extremely dense, there is a lack of convenience, grocery & dollar stores within the immediate area, rendering this the go-to site. Harrisburg is the Capital of Pennsylvania and the county seat of Dauphin County. Harrisburg is part of the Harrisburg–York–Lebanon, CSA (also known as Susquehanna Valley), which has total population count of over 2,219,000 people. With modern incorporation dating back to 1719, Harrisburg is one of the longest standing towns in the United States and continues to grow & advance. Major Employers in the region include Commonwealth of Pennsylvania (21,885 employees), United States Federal Government (18,000 employees), Giant Food (8,902 employees) and Penn State Hershey Medical Center (8,849 employees). Harrisburg is 110 miles from Philadelphia, 170 miles from New York, New York, and 122 miles from Washington DC.
Broker of Record
Financing By

