433 W Douglass St - Freestanding FOR SALE
Reading, PA 19601 |
$1,094,377 USD
310-971-3116
433 W Douglass St
Reading, PA 19601
HIGHLIGHTS
- 3.20 Years Remaining in Existing Term (Lease Exp: 12/31/2027)
- Family Dollar Has Operated at This Location Since 2005 - Tenant Has Exercised Every Option with No Landlord Concessions at the 10% Rental Increase
- Tenant Required to Report Store Sales Annually (Contact Agent for Details) | 2023 Rent to Sales Ratio = 4.9%
- Tenant is Responsible for Maintenance and Repair/Replacement of HVAC Units | Tenant is Responsible for Snow Removal & Restriping of Parking Area
- 5-Mile Demographics: 217,742 Residents; $92,989 Average Household Income
FOR SALE DETAILS
PRICE
$1,094,377 USD
PRICE/SF
$120 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar - 3+ Yr. NN - Strong Sales
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,682 SF
ZONING
-
APN/PARCEL ID
15-5307-55-34-4649
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310-971-3116
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310-971-3116
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