loader
Join Free
Views: 23 DOM: 39 Updated: 08.06.24 Posted: 08.06.24 Status: Active

Summary

Price $1,171,282
Built/Renov 2006/2024
Tenant Family Dollar
Cap Rate 7.65%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 01-01-2007
#Units 8,359
Price/SF $127.59
Expiration 12-31-2033
Tenant Type Dollar/Discount
NOI $89,603
R. Term 9.3
Ownership Fee Simple
Rent/SF $9.76
Increases 10.0%/8/yrs
Pop 5Mi 4,614
Lot/AC 0.69
Options 2/5yrs/10%
AHHI 5Mi $63,922

Lease Highlights

  • Tenant recently extended lease (June 2024) through December 2033
  • The lease features 10% rental escalations at the start of each 2 (5-year) option period
  • Newly resurfaced parking lot to superior condition (Summer 2024)
  • Rare percentage rent clause | Provides sales reports (Contact broker for more details)
  • 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 E Cherokee Avenue and N Willow Street, with access to a combined daily traffic count of 3,800 vehicles. The property is in proximity to well-known national tenants including Homeland Grocery, Bomgaars Supply, Ascension Healthcare, Sonic Drive-In, and more. Additionally, it is further enhanced by limited...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Family Dollar
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:8,359
  • 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...


...

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