204 Wausau Rd Middleburg, PA 17842

Property Details for 204 Wausau Rd

Lot size

0.84 lot acres

Property type

Retail space

APN

10-03-237

APU

1003237

Description

This 12,800-square-foot Family Dollar storefront in Middleburg, Pennsylvania, presents a compelling value-add investment opportunity. Currently operating under a net-net lease with a single tenant, the property boasts a strong 11% cap rate and a substantial $77,000 net operating income (NOI). The existing Family Dollar lease, commencing June 30, 2008, and expiring June 30, 2025, offers a remaining term of approximately six months. The tenant has notified the landlord of their intent not to renew. This provides a unique opportunity for a buyer to secure a year of rent collection while actively seeking a new tenant or pursuing a lease buyout with the existing tenant, who has expressed interest in such an arrangement. The property, built in 2008, is a Class B, single-story building situated on a 0.83-acre lot. An additional 4,000 square feet of basement space, accessible via a separate entrance, offers significant potential for additional income generation through separate leasing. The asking price is $700,000, translating to $54.69 per square foot. The property's location in Middleburg, PA, zip code 17842, at 204 S Wausau Rd, offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a short-term hold with significant upside potential through lease renegotiation, backfilling, or redevelopment. The property is offered fee simple.

Location Insight

City

Middleburg

County

Snyder

State

Pennsylvania

Longitude

-77.0439

Latitude

40.7846

CBSA code

42780

CBSA name

SELINSGROVE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments