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Family Dollar - Allentown, PA 1735 S 4th St 8,320 SF Retail Building Allentown, PA 18103 $2,772,792 CAD ($333.27 CAD/SF) 7.25% Cap Rate
Investment Highlights
- RECENT LEASE EXTENSION
- TOP NATIONAL PERFORMER (PLACER.AI)
- ABSOLUTE NNN – DEPRECIABLE ASSET
Executive Summary
RECENT LEASE EXTENSION | LONG-TERM COMMITMENT | Family Dollar recently extended its lease, demonstrating long-term commitment to the site. Over 12 years of remaining lease term provides durable cash flow visibility.
BUILT-IN NOI GROWTH | Lease includes 5% rental increases every 5 years during the base term. Continued 5% increases throughout all remaining 5-year option periods.
STRONG SITE PERFORMANCE | TOP 31% NATIONWIDE LOCATION | Property ranks in the top 31% of locations nationally based on annual visits. Demonstrates strong and consistent customer traffic levels at the site.
ABSOLUTE NNN LEASE STRUCTURE | PASSIVE INVESTMENT | Tenant is responsible for taxes, insurance, and maintenance.
FEE SIMPLE OWNERSHIP | TAX DEPRECIATION | Tax depreciation benefits enhance investor value. Fee simple ownership offers long-term control of the underlying real estate.
3RD LARGEST CITY IN PA | DENSE POPULATION | Positioned along South 4th Street with approximately 20,000 vehicles per day. Serves nearly 250,000 residents within a 5-mile radius in Allentown.
GROWTH MARKET | EXPECTED POPULATION GROWTH | Surrounding population projected to continue growing over the next five years. Expanding consumer base supports long-term retail demand and tenant performance.
POSITIVE TENANT OUTLOOK | Family Dollar generated approximately $13 billion in revenue in fiscal year 2025. Reported 2.5% comparable sales growth and projects continued
positive growth in 2026.
DENSE RETAIL CORRIDOR | Located across from Price Rite and adjacent to nationally ranked retailers. Nearby retailers include: Wawa (top 20% nationwide), KFC (top 31%), and Popeyes (top 41%).
PROXIMITY TO MAJOR UNIVERSITIES | Within 5 miles of Lehigh University, home to approximately 8,000 students and ranked in the top 50 universities in the nation. Within 4.5 miles of Muhlenberg College with approximately 2,000 students.
NEARBY REGIONAL AIRPORT | Located near Allentown Queen City Municipal Airport, which supports more than 25,000 flight operations annually.
BUILT-IN NOI GROWTH | Lease includes 5% rental increases every 5 years during the base term. Continued 5% increases throughout all remaining 5-year option periods.
STRONG SITE PERFORMANCE | TOP 31% NATIONWIDE LOCATION | Property ranks in the top 31% of locations nationally based on annual visits. Demonstrates strong and consistent customer traffic levels at the site.
ABSOLUTE NNN LEASE STRUCTURE | PASSIVE INVESTMENT | Tenant is responsible for taxes, insurance, and maintenance.
FEE SIMPLE OWNERSHIP | TAX DEPRECIATION | Tax depreciation benefits enhance investor value. Fee simple ownership offers long-term control of the underlying real estate.
3RD LARGEST CITY IN PA | DENSE POPULATION | Positioned along South 4th Street with approximately 20,000 vehicles per day. Serves nearly 250,000 residents within a 5-mile radius in Allentown.
GROWTH MARKET | EXPECTED POPULATION GROWTH | Surrounding population projected to continue growing over the next five years. Expanding consumer base supports long-term retail demand and tenant performance.
POSITIVE TENANT OUTLOOK | Family Dollar generated approximately $13 billion in revenue in fiscal year 2025. Reported 2.5% comparable sales growth and projects continued
positive growth in 2026.
DENSE RETAIL CORRIDOR | Located across from Price Rite and adjacent to nationally ranked retailers. Nearby retailers include: Wawa (top 20% nationwide), KFC (top 31%), and Popeyes (top 41%).
PROXIMITY TO MAJOR UNIVERSITIES | Within 5 miles of Lehigh University, home to approximately 8,000 students and ranked in the top 50 universities in the nation. Within 4.5 miles of Muhlenberg College with approximately 2,000 students.
NEARBY REGIONAL AIRPORT | Located near Allentown Queen City Municipal Airport, which supports more than 25,000 flight operations annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2018
Price
$2,772,792 CAD
Price Per SF
$333.27 CAD
Cap Rate
7.25%
NOI
$201,027 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
22 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 640653166446-1 | Improvements Assessment | $1,247,852 CAD |
| Land Assessment | $423,304 CAD | Total Assessment | $1,671,156 CAD |
Property Taxes
Parcel Number
640653166446-1
Land Assessment
$423,304 CAD
Improvements Assessment
$1,247,852 CAD
Total Assessment
$1,671,156 CAD
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Family Dollar - Allentown, PA | 1735 S 4th St
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