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Views: 94 DOM: 176 Updated: 10.11.24 Posted: 06.28.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 12-07-2023
#Units 1,200
Price/SF $166.67
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $131,250
R. Term 9.2
Ownership Fee Simple
Rent/SF $12.50
Increases 0.0%/0/yrs
Pop 5Mi 5,064
Lot/AC 1.52
Options 5/5yrs
AHHI 5Mi $79,816

Lease Highlights

  • New 2023 construction
  • Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features fluctuating rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on E. Cass City Road, a major thoroughfare, with access to 7,125 vehicles passing by daily. The property is situated along the primary retail corridor surrounded by well-known national tenants including Subway, Shell, Dollar General, and more. Additionally, it is less than 1/4 mile from N Van Dyke Road (5,065 VPD), a major...

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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 : 77 671 2,016
2024 Total Population : 70 632 1,929
2024 Employed Civilian Pop : 29 273 849
2024 Total Businesses : 0 18 40
2024 Average Household Income : $ 97,460 $ 96,199 $ 94,519
2024 Total Consumer Spending : $ 1 M $ 16 M $ 57 M
2024 Median Age : 38 39 40
2024 Total Households : 18 192 670
2024 Pop Age 25+: Bachelor's Degree : 5 46 131
2024 Average Home Value : $ 263,333 $ 293,713 $ 282,398
*ESRI data is presented for informational purposes only

Listing Broker

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