Family Dollar
$1,925,345
399 Farmington Ave, Pottstown, PA 19464
8.25
Cap Rate
158,841.24
NOI
Details:
Highlights:
- Absolute NNN Lease – Tenant is responsible for taxes, insurance, CAM, roof and structure, providing a passive investment with no landlord responsibilities. A True “Mailbox Management” Asset.
- Established Family Dollar Location – Family Dollar has operated at this location since 2016, demonstrating an established operating history in the Pottstown market.
- Nationally Recognized Tenant – Family Dollar has operated since 1959 and maintains an extensive nationwide footprint, providing affordable everyday essentials through convenient neighborhood-based stores.
- Attractive 8.25% Cap Rate – Offered at $1,925,345, providing a strong going-in yield with approximately 4.5 years remaining on the current lease term.
- Six 5-Year Renewal Options – Significant long-term tenancy potential with 10% rent increases during each option period.
- Dense Infill Neighborhood Location – Positioned within an established Pottstown neighborhood surrounded by residential density, schools, businesses and everyday community services.
- Strong Surrounding Demographics – Approximately 85,934 residents within five miles, with an average household income of approximately $113,808.
- Attractive Real Estate Fundamentals – 8,445 SF building situated on approximately 1.70 acres with a $227.99/SF acquisition basis and $18.81/SF rent, providing solid underlying real estate value and future re-tenanting flexibility.
Description:
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Pottstown is a historically rich and strategically positioned borough located along the scenic Schuylkill River in northwestern Montgomery County, Pennsylvania. Situated approximately 40 miles northwest of center city Philadelphia and 20 miles southeast of Reading, the municipality serves as a vital suburban anchor within the broader Delaware Valley metropolitan area. Its advantageous geographic placement provides both residents and commercial enterprises with a highly desirable balance of historic community charm and immediate, streamlined access to the region's most prominent economic and cultural centers, making it an enduring focal point for regional activity.
Originally built upon a formidable industrial foundation dominated by iron manufacturing and steel production, Pottstown has successfully navigated a decades-long transition into a highly diversified and resilient modern local economy. Today, the borough boasts a comprehensively revitalized downtown district along High Street, which is anchored by an eclectic mix of independent retail storefronts, diverse dining establishments, cultural venues, and attractive riverfront recreational spaces. Ongoing public and private economic development initiatives continue to aggressively attract new commerce, steady retail activity, and consistent residential growth, all while thoughtfully preserving and celebrating the region's deep-rooted architectural and industrial heritage.
The surrounding market area benefits tremendously from a highly developed transportation infrastructure, anchored primarily by major regional commercial corridors such as U.S. Route 422 and Pennsylvania Route 100. These critical primary traffic arteries provide highly efficient commuter travel and freight distribution connections to massive nearby employment hubs, including the King of Prussia market and the broader Tri-County region. Supported by a steady local population and strong middle-class household demographics, this exceptionally high level of regional accessibility positions Pottstown as a highly appealing, stable, and reliable target for sustained commercial and retail real estate investment.
Location
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