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Views: 23 Updated: 12.12.24 Posted: 11.19.24 Status: Inactive 12.12.24

Summary

Price $979,354
Built/Renov 2004
Tenant Family Dollar
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 07-13-2004
#Units 8,359
Price/SF $106.68
Expiration 12-31-2034
Tenant Type Dollar/Discount
NOI $75,900
R. Term 10.0
Ownership Fee Simple
Rent/SF $8.27
Increases 5.4%/0/yrs
Pop 5Mi 81,161
Lot/AC 1.11
Options 3/5yrs/10%
AHHI 5Mi $69,979

Lease Highlights

  • 10 years remaining on its current lease term with 3 (5-year) options to extend
  • 5.4% rental increase in January 2025: 5% rental increase in January 2030: 10% rental increase at each option period
  • Favorable NN+ lease
  • Top performing location | This site reports extremely strong sales per the lease
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard-corner intersection of Girard Avenue and Verity Parkway, with a combined daily traffic count of 12,062 vehicles. The property is two miles from Cohen Recycling Company, which employs approximately 400 people and generated $630 million in annual revenue in 2023. It is also less than five miles from Atrium Medical Center, a 260-acre...

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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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Listing Broker

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