Family Dollar

2621 Mount Ephraim Avenue, Camden, NJ 08104

$2,200,000

Cap Rate 8.35%

Views: 96 DOM: 145 Updated: 09.18.24 Posted: 04.26.24 Status: Active

Summary

Price $2,200,000	Built/Renov 2015	Tenant Family Dollar
Cap Rate 8.35%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 9,630	Lease Start 07-06-2013	#Units 8,359
Price/SF $228.45	Expiration 07-31-2029	Tenant Type Dollar/Discount
NOI $183,700	R. Term 4.10	Ownership Fee Simple
Rent/SF $19.08	Increases 10.0%/5/yrs	Pop 5Mi 524,056
Lot/AC 3.02	Options 2/5yrs/10%	AHHI 5Mi $101,694

Alan Cafiero

Marcus & Millichap

Contact

Lease Highlights

Family Dollar has 5+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Mt Ephraim Avenue, with access to a daily traffic count of 14,790 vehicles. The property is surrounded by well-known national tenants, including Dollar General, ALDI, USPS, and more. Additionally, nearby educational institutions include Freedom Prep Charter School, Oaklyn Public School, Yorkship Elementary School, among others. The 5-mile trade area is...

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Key Features

Recent renovation
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Camden, New Jersey Zip Code 08104 Broker Site Page

Maps

Local Information

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	24,343	159,283	565,829
2023 Total Population :	24,256	158,997	550,974
2023 Employed Civilian Pop :	10,405	73,859	297,187
2023 Total Businesses :	405	4,686	26,540
2023 Average Household Income :	$ 66,605	$ 91,217	$ 117,763
2023 Total Consumer Spending :	$ 575 M	$ 4954 M	$ 24769 M
2023 Median Age :	32	37	38
2023 Total Households :	9,830	62,750	244,180
2023 Pop Age 25+: Bachelor's Degree :	1,875	19,433	106,717
2023 Average Home Value :	$ 189,996	$ 278,579	$ 377,323

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mount Ephraim Avenue	Grant Ave	2022	16,334	0.13 mi
Mount Ephraim Avenue	Lansdowne Ave	2020	17,628	0.20 mi
Mount Ephraim Avenue	Clay Ave	2017	16,306	0.28 mi
Mount Ephraim Avenue	Clay Ave	2022	17,628	0.29 mi
Champion Avenue	Harrison Ave	2019	1,225	0.29 mi
North Congress Road		2018	329	0.31 mi
Harrison Ave	Sloan Ave	2018	1,407	0.31 mi
Cooper Ave	4th St	2014	301	0.32 mi
North Congress Road	Collings Rd	2019	511	0.33 mi
Crescent Boulevard		2018	478	0.34 mi

Listing Broker

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