Building Details

Year Built 2006

Buildings 1

Tenancy Single

Listing Agency: MSC Retail

Listed By: Jesse Dubrow · License #PA Show Phone

Source: Crexi

Added: Jul 29 Changed: Sep 9 Last Checked: Sep 18 at 8:13AM

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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 MSC Retail

Investment Insights

Based on property information with market context.

This single-tenant, net-leased retail property includes an 8,000-square-foot build-to-suit building completed in 2006. Family Dollar has occupied the premises since construction, providing an established operating history for the site. The store offers groceries, household essentials, health and beauty products, and seasonal merchandise.

The property is positioned at the signalized intersection of Main Street and Spring Street in Tremont, Pennsylvania. The lease has approximately five years remaining and includes two additional five-year renewal options. Family Dollar has already exercised one of its three five-year renewal options, approximately 2.5 years before the original term expired.

Key Highlights

• 8,000‑square‑foot retail building completed in 2006
• Single‑tenant net lease with Family Dollar in occupancy since original construction
• Approximately five years remain on the current lease term

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

$57,137

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

6.93%

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%

$1,142,740 $1.1M

Cap Rate 7%

$816,243 $816.2K

Cap Rate 9%

$634,856 $634.9K

Market Conditions

NOI Build-Up for 8,000 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

$91.2K $11.40/SF

− Vacancy

−$9.6K −$1.20/SF

EGI

$81.6K $10.20/SF

− OpEx

−$24.5K −$3.06/SF

NOI

$57.1K $7.14/SF

Area

Schuylkill County, PA

Vacancy

10.50%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

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%

$1,142,740

Cap Rate 7%

$816,243

Cap Rate 9%

$634,856

Alternative Uses

Best Use

Retail

$816.2K

$714.2K – $952.3K (±1% cap)

NOI $57,137 @ 7.0% cap · market cap 6.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,000 @ 7.0% cap · market cap 10.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency Grocery & Convenience Store Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

Explore this area Business Placement

Demographics for 17981, PA

2,652

Population

1,091

Households

2.4

Avg Household Size

44

Median Age

12%

College-Educated

87%

High-School Grad

38.2 sq mi

ZIP Area

69

Density / Sq Mi

$70,789

Median Household Income

$42,117

Median Earnings

$829

Median Rent

$85,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant net-leased retail building with an established essential-goods operator and renewal options.

Where is this nnn property located?

The property is located at 14 Spring Street Tremont, PA.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 8,000‑square‑foot retail building completed in 2006; Single‑tenant net lease with Family Dollar in occupancy since original construction; Approximately five years remain on the current lease term