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    58 Main St Lawrenceville, PA 16929

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    For Lease
    $1,774,138

    New construction Family Dollar/Dollar Tree hybrid store in Lawrenceville, PA.

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Robert Bender
    Source: Fortisnetlease

    Listing Agent: Robert Bender

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Family Dollar/Dollar Tree Store

    This 10,500 SF Family Dollar/Dollar Tree hybrid store is located in Lawrenceville, PA. The property is encumbered with a ten-year double net lease, resulting in minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation, which holds a credit rating of “BBB”, classified as investment grade. The store is currently under construction and is on track for a rent start date in early Q1 2024. The store is strategically positioned at the corner of Cowanesque Street and Main Street in Pennsylvania, offering high visibility. The ten-mile population is 20,018, with the ten-mile average household income at $80,527. The location sees 3,933 cars per day. Lawrenceville is located in Tioga County, Pennsylvania. The town has a rich history dating back to the 19th century, and its downtown area has well-preserved historic architecture. Lawrenceville is near Cowanesque Lake, which offers opportunities for fishing and boating. The residents have access to schools, local businesses, and healthcare facilities. The property is located on the main retail thoroughfare in Pennsylvania.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Spa & Massage Auto Repair Shop Wholesale Shop Skin Care Clinic Hotel & Motel Auto Parts Store HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.1271325
    Latitude
    41.9978714

    Nearby Similar for Lease

    • $4,500 /Mo
      7,436 SF

      Lawrenceville Commercial Space For Lease

      First-floor commercial space in Lawrenceville, suitable for various businesses.
      4825 Butler To Lease, Lawrenceville, PA 15201
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - New construction Family Dollar/Dollar Tree hybrid store in Lawrenceville, PA.
    Where is this grocery and convenience store located?
    The property is located at 58 Main St Lawrenceville, PA.
    What are key features of this property?
    This property features: - New 10-year double net (NN) lease offers minimal landlord responsibilities.; - Corporately guaranteed by Dollar Tree Corporation (S&P Rating: BBB - Investment Grade).; - New construction store opening in early Q1 2024.
    (248) 254-3406
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    58 Main St Lawrenceville, PA 16929
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    Lawrenceville, PA 16929
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    58 Main St Lawrenceville, PA 16929
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    We can help!
    Listing Contact
    Robert Bender
    (248) 254-3406
    Learn more
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