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Views: 3 DOM: 2 Updated: 11.19.24 Posted: 11.19.24 Status: Active

Summary

Price $889,474
Built/Renov 2004
Tenant Family Dollar
Cap Rate 9.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,000
Lease Start 03-08-2004
#Units 8,359
Price/SF $111.18
Expiration 06-30-2026
Tenant Type Dollar/Discount
NOI $84,500
R. Term 1.7
Ownership Fee Simple
Rent/SF $10.56
Increases 7.7%/1/yrs
Pop 5Mi 328,277
Lot/AC 0.54
Options 4/5yrs/7.7%
AHHI 5Mi $68,461

Lease Highlights

  • 1+ years remaining on its current lease term with 4 (5-year) options to extend
  • Lease offers a rental increase of 7.7% on 07/01/2026
  • Favorable NN+ lease | Long operation history (2004)
  • Corporate guaranteed lease (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar is strategically positioned near the signalized, hard-corner intersection of Girard Avenue and Hopple Street, with a combined daily traffic count of 27,056 vehicles and adjacency to I-75, which sees 150,769 vehicles per day. The property offers two ingress/egress points and is located less than one mile from the intersection of I-75 and Hopple Street, with over 174,000 vehicles...

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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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Listing Broker

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