Family Dollar & Athletico Physical Therapy Center

Highlights:

• Two Tenant Center | Family Dollar and Pivot Physical Therapy
• Pivot Therapy Recently Acquired by Athletico Physical Therapy
• Family Dollar - New 5 Year NN Lease
• Minimal Landlord Responsibilities
• 9,100 Vehicles Per Day on Main Street
• 5-Mile Average Household Income of $99,442
• 10-Mile Population of over 110,300 Residents

Description:

Fortis Net Lease is pleased to present a two tenant 14,980 SF Family Dollar Store center located in Moscow, PA. Both tenants are encumbered with Double Net (NN) leases, leaving minimal landlord responsibilities. There are 5 years of term remaining on the Family Dollar lease with Five, 5-Year renewal options remaining each with a 10% rental rate increase. The lease is corporately guaranteed by Family Dollar which holds a credit rating of BBB, which is classified as investment grade. Pivot Physical Therapy has been in this location since 2016 and recently signed a lease extension showing commitment to the site. There are two, 5-year options remaining, each with a 10% rental rate increase. Pivot was acquired by Athletico Physical Therapy in 2022.

This center is highly visible as it is strategically positioned at the intersection of S Main Street and Van Brunt Street. The ten mile population from the site is 110,000+ residents while the three mile average household income is $100,180, making this location ideal for a Family Dollar store. The subject offering represents an ideal opportunity for a 1031 exchange buyer or passive investor to attain the fee simple ownership of an investment property

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