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Views: 117 DOM: 190 Updated: 10.16.24 Posted: 05.15.24 Status: Active

Summary

Price $1,788,571
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.35%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 02-01-2024
#Units 1,200
Price/SF $170.34
Expiration 03-31-2034
Tenant Type Dollar/Discount
NOI $131,460
R. Term 9.4
Ownership Fee Simple
Rent/SF $12.52
Increases 0.0%/0/yrs
Pop 5Mi 17,581
Lot/AC 1.20
Options 4/5yrs
AHHI 5Mi $62,243

Lease Highlights

  • Brand new 2024 construction
  • Tenant recently executed a brand new 10-year lease term with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on E. Broadway, with access to 13,900 vehicles passing by daily. The property benefits from direct access onto State Route 121 (12,000 VPD), a partial beltway that directly connects to State Route 80 and Interstate 69, making it a centralized location. Additionally, the immediate area is surrounded by well-known national tenants including Lowe’s, CVS...

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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 : 3,035 12,486 17,233
2024 Total Population : 3,033 12,587 17,377
2024 Employed Civilian Pop : 963 4,471 6,569
2024 Total Businesses : 254 699 797
2024 Average Household Income : $ 37,619 $ 59,570 $ 62,825
2024 Total Consumer Spending : $ 39 M $ 270 M $ 396 M
2024 Median Age : 34 37 39
2024 Total Households : 1,159 5,045 6,998
2024 Pop Age 25+: Bachelor's Degree : 224 1,037 1,360
2024 Average Home Value : $ 132,356 $ 176,023 $ 190,318
*ESRI data is presented for informational purposes only

Listing Broker

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