January 31, 2021
SOLD – FAMILY DOLLAR NET LEASE READING, PENNSYLVANIA
J.H. Winokur, Inc. is pleased to announce the closing of the sale of a Family Dollar net lease located in Reading, Pennsylvania. The Family Dollar is located in a densely populated area with over 55,000 people in the 1 mile ring and over 129,000 people in the 3 mile ring and over 208,000 people in the 5 mile ring. The population has grown over the last 5 years in the 1,3 and 5 mile rings and is projected to continue through 2025. Family Dollar is located less than 1 mile from Reading Area Community College with 5,000 students enrolled. It’s also ideally situated located less than 1 mile from Santander Arena which has hosted over 2,200 shows since 2001. Santander area is home to the Reading Royals of the ECHL and seats up to 7,200 people. Surrounding national retail tenants include Burger King, Rite Aid, Dollar General, AutoZone, and Save-A-Lot.
A main selling feature for Family Dollar, a subsidiary of Dollar Tree (Nasdaq: DLTR) a Fortune 500 Company, which operates more than 15,000 stores across 48 states and five Canadian provinces, is the tenant’s S&P and Moody Investment grade credit rating.
J.H. Winokur represented the buyer, a private investor.
Founded in 1978, J.H. Winokur continues to be a trusted advisor and broker for private investors and 1031 exchange buyers seeking the best real estate investments for their goals. For more information contact Jason Winokur.
