loader
Join Free
Views: 4 DOM: 2 Updated: 11.19.24 Posted: 11.19.24 Status: Active

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 10.1
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...

...

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...


...

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