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Family Dollar

5807 Torresdale Ave, Philadelphia, PA 19135

Listing Price: $841,940

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
6.0
Gross SF
9,420
Guarantor
Corporate Guarantee
Rentable SF
9,420
Price/Gross SF
$89.38
Lease Type
Gross Lease
Rent Per Square Feet
$7.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located in Philadelphia, PA. This site consists of approximately 9,420 square feet of building space and occupies approximately 0.24 acre of land. This Family Dollar has approximately 6.5 years remaining in its third option period with a ten percent (10%) rental increase in each of its additional three (3) five-year option renewals. The tenant is currently paying $73,205/year ($6,100/month) and only $6.67 PSF.

In Summer 2019, the tenant had invested nearly $70,000 worth of capital improvements for 10 brand-new commercial freezer doors, painting, lighting, flooring and more; furthermore, the tenant had re-negotiated the original lease to extend the current third option term from 5 years to 8 years and even added an additional 5-Year option to the lease (the original lease called for only 5x 5-Year options) for a total of 6x 5-Year options.

This Family Dollar is well located in a densely populated neighborhood with nearly 300,000 residents in a 3-mile radius of the Northeast section of Philadelphia and in close proximity to I-95. While there is no parking lot and only street parking available, this urban storefront retailer services primarily the local residents within walking distance to the store which is more evident with the numerous and strong reviews on Google Reviews (average rating of 3.8 out of 5 stars over 240 reviews).

Investment Highlights

  • Essential Retailer Not Subjected to U.S. Governments National Shutdown
  • Long Historical Occupancy Since 2004
  • Demonstrated Strong Commitment to Site with 8-Year Lease Extension in 2019
  • Dense Population | 288,500+ Residents within a 3-Mile Radius
  • Below Market Rent | Low Replaceable Rent PSF of $6.67/SF
  • Ten Percent (10%) Rental Increases Every 5 Years in Each Option Renewal

Exclusively Listed By

Listing Price: $841,940

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
6.0
Gross SF
9,420
Guarantor
Corporate Guarantee
Rentable SF
9,420
Price/Gross SF
$89.38
Lease Type
Gross Lease
Rent Per Square Feet
$7.15

Investment Highlights

  • Essential Retailer Not Subjected to U.S. Governments National Shutdown
  • Long Historical Occupancy Since 2004
  • Demonstrated Strong Commitment to Site with 8-Year Lease Extension in 2019
  • Dense Population | 288,500+ Residents within a 3-Mile Radius
  • Below Market Rent | Low Replaceable Rent PSF of $6.67/SF
  • Ten Percent (10%) Rental Increases Every 5 Years in Each Option Renewal

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located in Philadelphia, PA. This site consists of approximately 9,420 square feet of building space and occupies approximately 0.24 acre of land. This Family Dollar has approximately 6.5 years remaining in its third option period with a ten percent (10%) rental increase in each of its additional three (3) five-year option renewals. The tenant is currently paying $73,205/year ($6,100/month) and only $6.67 PSF.

In Summer 2019, the tenant had invested nearly $70,000 worth of capital improvements for 10 brand-new commercial freezer doors, painting, lighting, flooring and more; furthermore, the tenant had re-negotiated the original lease to extend the current third option term from 5 years to 8 years and even added an additional 5-Year option to the lease (the original lease called for only 5x 5-Year options) for a total of 6x 5-Year options.

This Family Dollar is well located in a densely populated neighborhood with nearly 300,000 residents in a 3-mile radius of the Northeast section of Philadelphia and in close proximity to I-95. While there is no parking lot and only street parking available, this urban storefront retailer services primarily the local residents within walking distance to the store which is more evident with the numerous and strong reviews on Google Reviews (average rating of 3.8 out of 5 stars over 240 reviews).

Exclusively Listed By

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