Family Dollar | Dollar Tree

660 Crowell Road, Porterdale, GA 30014

$1,702,000

Cap Rate 7.75%

Views: 72 DOM: 111 Updated: 07.19.24 Posted: 05.28.24 Status: Active

Summary

Price $1,702,000	Built/Renov 2010	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 9,180	Lease Start 06-07-2010	#Units 1,200
Price/SF $185.40	Expiration 06-30-2033	Tenant Type Dollar/Discount
NOI $131,950	R. Term 8.9	Ownership Fee Simple
Rent/SF $14.37	Increases 10.0%/1/yrs	Pop 5Mi 71,840
Lot/AC 1.70	Options 4/5yrs/10%	AHHI 5Mi $68,821

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on Crowell Road, with access to 9,820 vehicles passing by daily. The property is surrounded by well-known national tenants including Walgreens, Burger King, Ross Dress for Less, Popeyes, and more. The 5-mile trade area is supported by a population of 71,840 residents with an average household income of $68,821. Porterdale, Georgia, is a city...

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Key Features

In location for years
Near major nationals
Strategically located
Freeway close
Hospital close
Top 100 MSA
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Porterdale, Georgia Zip Code 30014 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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 stores...

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Listing Broker

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