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Views: 78 DOM: 149 Updated: 10.30.24 Posted: 06.25.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 11-01-2023
#Units 1,200
Price/SF $166.67
Expiration 10-31-2033
Tenant Type Dollar/Discount
NOI $131,250
R. Term 8.11
Ownership Fee Simple
Rent/SF $12.50
Increases 0.0%/0/yrs
Pop 5Mi 4,548
Lot/AC 0.00
Options 4/5yrs
AHHI 5Mi $60,735

Lease Highlights

  • New 2023 construction
  • Family Dollar | Dollar Tree has 9 years remaining on the current lease term with 4 (5-year) options to extend

  • The lease features $0.50/PSF rental increases at the start of each option period
  • Favorable NN+ lease | 40 year Transferrable roof warranty
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located at the signalized, hard corner intersection of Bluewater Court and S Van Dyke Road, with access to a combined daily traffic count of 12,313 vehicles. The immediate area is surrounded by well-known national tenants, including Subway, Rite Aid, Taco Bell, AutoZone, and more. The 5-mile trade area is supported by a population of 4,548 residents...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,815 2,887 4,431
2024 Total Population : 1,853 2,949 4,530
2024 Employed Civilian Pop : 764 1,264 2,014
2024 Total Businesses : 150 209 239
2024 Average Household Income : $ 71,474 $ 75,557 $ 77,990
2024 Total Consumer Spending : $ 48 M $ 82 M $ 129 M
2024 Median Age : 41 41 41
2024 Total Households : 741 1,211 1,831
2024 Pop Age 25+: Bachelor's Degree : 132 194 277
2024 Average Home Value : $ 144,314 $ 179,147 $ 204,479
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Ellsworth St 2022 8,873 0.42 mi
Main St Church St 2015 9,900 0.70 mi
Main Street Euclid St 2022 9,721 0.90 mi
Marlette Road Watson Rd 2022 2,780 1.62 mi
Main St S Vandyke Rd 2015 5,800 1.92 mi
Vandyke Rd Airport Rd 2015 7,700 2.02 mi
Co Hwy 38 White Creek Rd 2009 2,450 2.37 mi
Page Rd Albertson Rd 2007 75 2.44 mi
Co Hwy 38 White Creek Rd 2009 2,310 2.78 mi
Clifford Road Watson Rd 2022 1,604 2.90 mi

Listing Broker

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