Family Dollar Store Investment
For Sale
Contact for pricing
Pending
108 Greensburg Rd, Lower Burrell, PA 15068
14,820 SF Family Dollar store in Lower Burrell, Pennsylvania.
Property Size14,820 SF
Days on Market216
Property Features for 108 Greensburg Rd
General Information
Standard status
Pending
Size
14,820 SF
Total Parking Spaces
83
Property subtype
Retail
Zoning
C-3
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$384,000
Building Details
Year Built
2009
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Shelby Sagmani Sulaiman · License #MI 6501385089
Source:
Crexi
Added: Jan 13
Changed: Aug 16
Last Checked: Aug 16 at 7:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty
Investment Insights
Based on property information with market context.
This 14,820 SF Family Dollar store is located in Lower Burrell, Pennsylvania. The property operates under an Absolute NNN Lease, assigning zero Landlord Responsibility. The Sub-Lease is guaranteed by Walgreens, the second-largest pharmacy store chain in the United States. This property presents an opportunity for a 1031 Exchange buyer. The financial strength and proven profitability of the tenant, a leading national dollar store, suggests continued success for a new owner.
Key Highlights
- Absolute NNN Lease: Zero Landlord Responsibility
- Sub‑Lease Guaranteed by Walgreens
- 14,820 SF Family Dollar Store
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$187,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,741,300
$3.7M
Cap Rate 7%
$2,672,357
$2.7M
Cap Rate 9%
$2,078,500
$2.1M
Market Conditions
NOI Build-Up for 14,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$266.8K $18.00/SF
− Vacancy
−$17.3K −$1.17/SF
EGI
$249.4K $16.83/SF
− OpEx
−$62.4K −$4.21/SF
NOI
$187.1K $12.62/SF
Area
Westmoreland County, PA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,741,300
Cap Rate 7%
$2,672,357
Cap Rate 9%
$2,078,500
Alternative Uses
Best Use
Specialty Retail
$2.67M
$2.34M – $3.12M
NOI $187,065 @ 7.0% cap · market cap 3.78%
Second Best
Retail
$2.44M
$2.14M – $2.85M
NOI $170,860 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,242 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Sheetz
Shops & Services
31,239 visits/mo
0.3 miles
McDonald's
Dining
20,910 visits/mo
0.1 miles
Dollar Tree
Shops & Services
8,531 visits/mo
0.2 miles
Eat'n Park
Dining
7,936 visits/mo
0.4 miles
Arby's
Dining
6,300 visits/mo
0.3 miles
Demographics for 15068, PA
37,104
Population
18,319
Households
2
Avg Household Size
47
Median Age
27%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
817
Density / Sq Mi
$62,997
Median Household Income
$42,795
Median Earnings
$749
Median Rent
$166,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 14,820 SF Family Dollar store in Lower Burrell, Pennsylvania.
Where is this grocery and convenience store located?
The property is located at 108 Greensburg Rd Lower Burrell, PA.
What is the asking price?
The asking price for this property is $4,954,839.
What are key features of this property?
This property features: Absolute NNN Lease: Zero Landlord Responsibility; Sub‑Lease Guaranteed by Walgreens; 14,820 SF Family Dollar Store
