For Sale
$700,000

204 Wausau Rd Middleburg, PA 17842

High-yield retail investment; lease expires soon.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • $700,000 asking price for a 12,800 SF Family Dollar storefront in Middleburg, PA.
  • Family Dollar's lease expires in one year and will not be renewed.
  • One-year rent collection period available while securing a new tenant.
  • 4,000 SF basement with a separate entrance offers additional lease potential.
  • Family Dollar is open to a lease buyout.

Property Details for 204 Wausau Rd

Property type
Retail properties, Retail space
Square Feet
12,800 SF
Class
B
Year Built
2008
Stories
1
Lot Size (sq. ft)
36,155 SF
Units
2

Location Insight

City
Middleburg
County
Snyder
State
Pennsylvania
Latitude
40.7846167
Longitude
-77.0438082

FAQs

What type of property is this?
Retail property - High-yield retail investment; lease expires soon.
Where is the retail property located?
The property is located at 204 Wausau Rd Middleburg, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: $700,000 asking price for a 12,800 SF Family Dollar storefront in Middleburg, PA.; Family Dollar's lease expires in one year and will not be renewed.; One-year rent collection period available while securing a new tenant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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204 Wausau Rd
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