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433 W Douglass St
Reading, PA 19601

$1,094,377 USD

Freestanding For Sale  •  9,100 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,100 SF
  • Lot Size 0.36 AC
  • Building Class C
  • Year Built 1954
  • Cap Rate 9.00 %
  • Tenancy Single
0 Transit Score
66 Walk Score

Highlights

3.20 Years Remaining in Existing Term (Lease Exp: 12/31/2027)
Family Dollar Has Operated at This Location Since 2005 - Tenant Has Exercised Every Option with No Landlord Concessions at the 10% Rental Increase
Tenant Required to Report Store Sales Annually (Contact Agent for Details) | 2023 Rent to Sales Ratio = 4.9%
Tenant is Responsible for Maintenance and Repair/Replacement of HVAC Units | Tenant is Responsible for Snow Removal & Restriping of Parking Area
5-Mile Demographics: 217,742 Residents; $92,989 Average Household Income

Property Flyers

Cap Rate: 9.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar 12/31/2027

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Joe Schuchert 310-971-3116 Schuchert Retail Group
Joe Schuchert 310-971-3116 Schuchert Retail Group