Building Details

Year Built 2024

Stories 1

Units 1

Tenancy Single

Listing Agency: Bang Realty

Listed By: Brian Brockman · License #343837 Show Phone

Source: Crexi

Added: Jun 4 Changed: Sep 18 Last Checked: Sep 18 at 6:32AM

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Investment Insights

Based on property information with market context.

This single-tenant net leased Family Dollar was built-to-suit in 2024 and is offered for sale subject to an existing lease running through April 2034. The lease includes four additional five-year renewal options, each with rental increases, and the transaction is supported by a corporate guaranty from Family Dollar Stores, Inc. The property consists of a 10,500-square-foot retail building on a large 1.24-acre land parcel.

The site is located on a signalized hard corner lot along Main Street with immediate proximity to Interstate 99. The location is described as a relocation site from a former inline store, intended to enhance visibility and access along the corridor. Nearby retailers include NAPA Auto Parts, DG Market, Kwik Fill, and Papa John’s, creating a mix of daily-needs businesses in the immediate area.

For a buyer or lender evaluating a long-term retail tenancy, the asset’s recent construction and mission-specific build-out align with a stable single-tenant, net lease structure. The combination of the 10-year initial term, renewal provisions, and corporate guaranty provides a straightforward ownership profile for those seeking a Family Dollar-branded retail investment with an extended lease horizon.

Key Highlights

• Built‑to‑suit Family Dollar completed in 2024 (10,500 SF) on a signalized hard‑corner lot on Main Street
• Net lease with a 10‑year term through April 2034 and four 5‑year renewal options with rental increases
• Corporate guaranty provided by Family Dollar Stores, Inc.

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

$54,366

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

3.28%

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%

$1,087,320 $1.1M

Cap Rate 7%

$776,657 $776.7K

Cap Rate 9%

$604,067 $604.1K

Market Conditions

NOI Build-Up for 10,500 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

$84.4K $8.04/SF

− Vacancy

−$6.8K −$0.64/SF

EGI

$77.7K $7.40/SF

− OpEx

−$23.3K −$2.22/SF

NOI

$54.4K $5.18/SF

Area

Tioga County, PA

Vacancy

8.00%

Lease Rate

$8.04 /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%

$1,087,320

Cap Rate 7%

$776,657

Cap Rate 9%

$604,067

Alternative Uses

Best Use

Retail

$776.7K

$679.6K – $906.1K (±1% cap)

NOI $54,366 @ 7.0% cap · market cap 3.28%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,205 @ 7.0% cap · market cap 7.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Big Box & Wholesale Store

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Explore this area Business Placement

Demographics for 16929, PA

2,506

Population

1,178

Households

2.1

Avg Household Size

43

Median Age

12%

College-Educated

90%

High-School Grad

42.7 sq mi

ZIP Area

59

Density / Sq Mi

$61,050

Median Household Income

$41,658

Median Earnings

$842

Median Rent

$155,300

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 retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Built-to-suit Family Dollar on a signalized Main Street corner, offered for sale with a lease through April 2034.

Where is this retail space located?

The property is located at 58 MAIN ST Lawrenceville, PA.

What is the asking price?

The asking price for this property is $1,659,677.

What are key features of this property?

This property features: Built‑to‑suit Family Dollar completed in 2024 (10,500 SF) on a signalized hard‑corner lot on Main Street; Net lease with a 10‑year term through April 2034 and four 5‑year renewal options with rental increases; Corporate guaranty provided by Family Dollar Stores, Inc.