Family Dollar & Athletico Physical Therapy Center

Moscow, Pennsylvania is a small borough located in Lackawanna County, in the northeastern part of the state. Nestled in the scenic Pocono Mountains region, Moscow offers a charming and picturesque setting for its residents and visitors. The community is known for its peaceful atmosphere, natural beauty, and close-knit community spirit. Despite its small size, Moscow boasts a range of amenities and services that cater to the needs of its residents. The borough has a few local businesses, including restaurants, shops, and professional services, providing essential goods and services to the community. Additionally, Moscow is home to several parks and outdoor recreational areas, offering opportunities for residents to enjoy nature, go hiking, have picnics, or engage in other outdoor activities. Moscow's proximity to larger cities like Scranton and Wilkes-Barre provides residents with access to additional amenities, entertainment options, and employment opportunities. The area is also known for its rich history, with several historical sites and landmarks nearby that attract history enthusiasts and tourists alike.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 aquired by Athletico Physicaly 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.