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Views: 111 DOM: 621 Updated: 08.02.24 Posted: 01.06.23 Status: Active

Summary

Price $1,287,365
Built/Renov 2002/2022
Tenant Family Dollar | Dollar Tree
Cap Rate 8.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 11,310
Lease Start 01-04-2023
#Units 8,912
Price/SF $113.83
Expiration 01-03-2033
Tenant Type Dollar/Discount
NOI $109,426
R. Term 8.3
Ownership Fee Simple
Rent/SF $9.68
Increases 0.0%/0/yrs
Pop 5Mi 5,836
Lot/AC 0.00
Options 4/5yrs
AHHI 5Mi $40,600

Lease Highlights

  • Family Dollar has been operating at this location since 2002 
  • The tenant recently signed a new 10-year lease with 4 (5-year) options to extend
  • Lease features $0.50/SF in every option period
  • Corporate guaranteed by Family Dollar Stores, Inc.
  • Family Dollar is a wholly owned subsidiary of Dollar Tree (NASDAQ: DLTR)
  • Dollar Tree is an investment grade tenant (S&P: BBB)

 

Location Description

This newly constructed Family Dollar | Dollar Tree is positioned along East Main Street which is a primary east-west thoroughfare for Cumberland, Kentucky and is located on the next parcel west of the North US Highway 119 exit ramp. The highway alone experiences over 10,300 vehicles per day. Retailers found along the Main Street corridor include Walgreens, Food City, Dollar General, Advance...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree, Inc. is the largest operator of discount variety stores offering three main types of products, consumable merchandise, variety merchandise, and seasonal goods. Consumable merchandise,...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 447 936 3,140
2022 Total Population : 470 983 3,301
2022 Employed Civilian Pop : 140 309 1,063
2022 Total Businesses : 14 31 80
2022 Average Household Income : $ 47,812 $ 47,977 $ 47,309
2022 Total Consumer Spending : $ 9 M $ 18 M $ 59 M
2022 Median Age : 49 47 43
2022 Total Households : 213 423 1,407
2022 Pop Age 25+: Bachelor's Degree : 25 56 195
2022 Average Home Value : $ 71,916 $ 82,468 $ 93,460
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Main St Garden Dr 2000 2,403 0.27 mi
W Main St Conveyor Dr 2015 1,124 1.40 mi
Blair Ave PkAve 2015 1,816 2.63 mi
Lewis Dr Warf Dr 2014 151 2.63 mi
US Hwy 119 S Hwy 3073 2015 2,260 2.94 mi
E Main St Radar Station Rd 2001 504 2.94 mi
Sky View Bottom Rd Skyview Bottom Loop 2010 326 2.96 mi
Montgomery Road Hwy 119 2018 8,860 2.96 mi

Listing Broker

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