loader
Join Free
Views: 46 DOM: 34 Updated: 11.07.24 Posted: 10.12.24 Status: Active

Summary

Price $1,030,000
Built/Renov 1989
Tenant Family Dollar
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,980
Lease Start 04-19-1989
#Units 8,359
Price/SF $129.07
Expiration 12-31-2031
Tenant Type Dollar/Discount
NOI $79,800
R. Term 7.1
Ownership Fee Simple
Rent/SF $10.00
Increases 10.0%/4/yrs
Pop 5Mi 79,305
Lot/AC 0.55
Options 3/5yrs/10%
AHHI 5Mi $80,015

Lease Highlights

  • Family Dollar has been operating in this location since 1989
  • The tenant has 7 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases 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 is strategically located at the signalized, hard corner intersection of Division Street and Nichols Drive, with access to a combined daily traffic count of 6,000 vehicles. The property is conveniently situated less than 1 mile from I-110, which sees 57,000 VPD. With limited competition, it stands as the only dollar store east of Keesler Air Force Base, in a walkable, in-town area...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity