NNN Family Dollar 14 Spring St 8,000 SF Retail Building Tremont, PA 17981 $1,134,081 CAD ($141.76 CAD/SF) 8.50% Cap Rate

Scope Commercial Real Estate Investment Services is pleased to exclusively present for sale the Family Dollar at 14 Spring Street, Tremont, PA. This local Family Dollar serves as a staple store for locals to shop for everyday items. According to Placer.ai, the subject property has had 116,900 visits over the last 12 months. Of the 116,900 visits, 61,600 visitors visited over 30 times in the last year, and the average visitor visited 8.17 times. From 2021 to 2023, the store experienced a remarkable surge in sales, boasting an impressive 12.22% increase over the two years. With a Rent/Sales ratio of just 3.89%, this property not only thrives but does so efficiently. Please contact brokers for more information.
The property features a Gross Leasable Area (GLA) of 8,000 square feet and was built to suit in 2006 in the downtown area of Tremont, PA. It offers 30 surface parking spaces, providing a parking ratio of 3.75 spaces per 1,000 square feet. The property has 143 feet of frontage on Spring Street and sits on a 0.72-acre lot. The lease is a NNN with the landlord responsible for the roof, structure, and capital expenditures, and reimbursed for common area maintenance. The lease was extended early by 5 years, leaving 7.5 years of term remaining. Notably, the early 5-year renewal was exercised 2.5 years early (Summer 2024), proving the tenant’s commitment to the site. The tenant has exercised three of their 5-year options thus far, providing 25 years of firm commitment to the site.
The store is slated on 2025’s Family Dollar renovation list, per discussion with the store manager. Additionally, the landlord has the ability to expand the building from 8,000 SF to 10,500 SF per an approved plan, adding an additional 2,500 SF. While the tenant is satisfied with the current footprint at this location, they have been provided the option by the landlord to expand to 10,500 SF.
Traffic counts in the area are as follows: Branch St/Union St at 3,800 vehicles per day, US Hwy 209/Water St at 2,600 vehicles per day, Spring Street/Bridge St at 1,500 vehicles per day, and Bridge St/Spring St at 1,500 vehicles per day.