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Views: 22 DOM: 35 Updated: 09.12.24 Posted: 08.12.24 Status: Active

Summary

Price $1,348,174
Built/Renov 2009
Tenant Family Dollar
Cap Rate 7.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 10-22-2004
#Units 8,359
Price/SF $146.86
Expiration 06-30-2029
Tenant Type Dollar/Discount
NOI $104,483
R. Term 4.9
Ownership Fee Simple
Rent/SF $11.38
Increases 10.0%/4/yrs
Pop 5Mi 354,871
Lot/AC 0.64
Options 2/5yrs/10%
AHHI 5Mi $50,846

Lease Highlights

  • Family Dollar has been operating in this location since 2004
  • The tenant has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on South Flores Street, with access to 19,747 vehicles passing by daily. The property is adjacent to well-known national tenants such as McDonald’s, Wendy’s, HEB, and O'Reilly Auto Parts. Key community educational institutions in the vicinity include Joel C. Harris Middle School, Luther Burbank High School, and Hillcrest Elementary School. The 5-mile...

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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...


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Listing Broker

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