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Family Dollar

$ 1,014,813
McKees Rocks, Pennsylvania
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Address: 821 Chartiers Avenue, McKees Rocks, Pennsylvania, United States 15136

Type: Discount Store

Cap Rate: 8.00%

Lease Type: NN

Annual Rent: $81,185

Net Operating Income: $81,185

Lease Term Remaining: 6.0 Years

Rental Increases: 10% Every 5 Years in Options

Options: Three (3), Five (5)-Year Options

Year Built: 2010

Rentable Sq/Ft: 8,330 SF

Rent Sq/Ft: $9.75

Price Sq/Ft: $122

Lot Size: +/-0.41 Acres

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 821 Chartiers Avenue in McKees Rocks, PA. This fee-simple Family Dollar consists of roughly 8,359 rentable square feet of building space on an estimated 0.41-acre parcel of land.
Family Dollar Stores, Inc., the corporate operating entity, is subject to a 10-year double-net (NN) lease that commenced in March of 2010. The initial annual rent is$81,185 and will increase by ten percent (10%) in each five (5)-year tenant renewal option.

This Family Dollar is located at 821 Chartiers Avenue in McKees Rocks, Pennsylvania. McKees Rocks is a borough in Allegheny County, located in Western Pennsylvania, along the south bank of the Ohio River just five minutes from Downtown Pittsburgh.

This Family Dollar is situated on the hard corner of Chartiers Avenue and May Avenue, in close proximity to the McKees Rocks Bridge. On average, approximately 8,450 vehicles travel along this section of Chartiers Avenue each day. W Carson Street brings additional traffic towards Chartiers Avenue at a volume of 10,890 vehicles per day. Nearby, over 17,270 vehicles travel across the McKees Rocks Bridge each day. The McKees Rocks Bridge is the longest bridge in Allegheny County and carries traffic between McKees Rocks and Pittsburgh. There are over 92,626 individuals residing within 3-mile radius of this Family Dollar and approximately 224,987 within a 5-mile radius.

This Family Dollar benefits from being positioned on a hard corner, in the center of Downtown McKees Rocks. Located just a half of a mile from this Family Dollar is the Father Ryan Arts Center. The center was part of a multimillion-dollar development and consists of 40,000+ SF where a variety of creative and performing arts courses are offered to the public. Additionally, located just over a half of a mile from this Family Dollar is the Shops at Chartiers Crossing, a 115,511 SF grocery-anchored shopping center with a national tenant mix. National tenants include: Aldi, Rite-Aid, Rainbow Clothing, Rent-A-Center, Subway, and LIFE Pittsburgh. There are also a variety of industrial and manufacturing facilities in close proximity to this Family Dollar including: Pepsi-Cola, Lane Steel, WJ Beitler Co. & Trucking Inc., YRC Freight, Concrete Concepts, STORExpress, Penndrill Manufacturing Division, and Calhoun Distribution. Sto-Rox Junior-Senior High School is also located less than one mile from this Family Dollar.

 

 

Broker of Record: Sean Beuche  License #RM424190

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Glen Kunofsky

President, Founder
(212) 430-5115

Anthony Bird

Associate
(646) 805-1457

Anthony D’Ambrosia

Vice President, Investments
(212) 430-5237