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Views: 102 DOM: 207 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 8.6
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

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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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 stores...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,042 31,402 81,735
2024 Total Population : 4,017 30,939 78,005
2024 Employed Civilian Pop : 1,628 14,455 36,698
2024 Total Businesses : 57 494 2,208
2024 Average Household Income : $ 73,023 $ 79,421 $ 87,615
2024 Total Consumer Spending : $ 98 M $ 791 M $ 2165 M
2024 Median Age : 37 36 37
2024 Total Households : 1,503 11,196 27,870
2024 Pop Age 25+: Bachelor's Degree : 257 2,387 7,009
2024 Average Home Value : $ 216,908 $ 231,039 $ 255,888
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 81 Heaton Rd 2013 8,910 0.42 mi
AL 68 State Hwy162 Con 2019 7,330 0.48 mi
Highway 81 S Mimosa Rd 2019 12,200 0.56 mi
Crowell Road Upper River Rd 2019 9,820 0.59 mi
State Rte 162 Con Anderson Rd 2013 4,890 0.79 mi
N Broad St Ivey Park 2013 7,720 0.96 mi
North Broad Street Riverfront Rd 2019 9,260 1.18 mi
Lovers Lane Road Twin Lakes Way 2019 5,500 1.26 mi
Upper River Rd Brown Bridge Rd 2011 2,458 1.30 mi
Lovers Lane Rd Pine Valley Ln 2013 5,360 1.31 mi

Listing Broker

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