Family Dollar Convenience
For Sale
Contact for pricing
2020 Spring Garden Avenue, Pittsburgh, PA 15212
Freestanding retail asset with a corporately guaranteed Double Net lease and multiple renewal options.
Property Size7,000 SF
Days on Market144
Property Features for 2020 Spring Garden Avenue
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Net Operating Income
$77,950
Site & Location
Traffic Count
3,080 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
9.17%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 2:17AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This freestanding Family Dollar store contains 7,000 SF and is leased under a Double Net structure. The tenant covers taxes through monthly reserves, insurance, common area maintenance, parking lot repairs, and HVAC repairs or replacement, subject to the lease’s stated limitation during the final two years of an extended term. Dollar Tree Stores, Inc. provides the corporate guarantee and carries a BBB- credit rating, identified as Investment Grade in the property information.
The property is located at 2020 Spring Garden Avenue in Pittsburgh, Pennsylvania. Spring Garden Avenue records 3,080 cars per day, while nearby I-279 carries 108,174 cars per day. The lease includes 3 remaining 5-year renewal options, each providing a 10% rental rate increase. The offering reflects a 9.17% cap rate.
The property is located at 2020 Spring Garden Avenue in Pittsburgh, Pennsylvania. Spring Garden Avenue records 3,080 cars per day, while nearby I-279 carries 108,174 cars per day. The lease includes 3 remaining 5-year renewal options, each providing a 10% rental rate increase. The offering reflects a 9.17% cap rate.
Key Highlights
- 7,000 SF freestanding Family Dollar store in Pittsburgh, Pennsylvania
- Double Net lease with tenant responsibility for taxes, insurance, CAM, parking lot repairs, and HVAC repairs or replacement
- Corporate guarantee from Dollar Tree Stores, Inc., rated BBB- and identified as Investment Grade
Property Analytics
Property Profile
Current Use
Lease Details
3,080 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15212, PA
27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding retail asset with a corporately guaranteed Double Net lease and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 2020 Spring Garden Avenue Pittsburgh, PA.
What are key features of this property?
This property features: 7,000 SF freestanding Family Dollar store in Pittsburgh, Pennsylvania; Double Net lease with tenant responsibility for taxes, insurance, CAM, parking lot repairs, and HVAC repairs or replacement; Corporate guarantee from Dollar Tree Stores, Inc., rated BBB- and identified as Investment Grade
