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Views: 545 DOM: 148 Updated: 11.11.24 Posted: 06.26.24 Status: Active

Summary

Price $1,690,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 02-01-2024
#Units 1,200
Price/SF $160.95
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $135,135
R. Term 9.3
Ownership Fee Simple
Rent/SF $12.87
Increases 0.0%/0/yrs
Pop 5Mi 10,760
Lot/AC 1.54
Options 4/5yrs
AHHI 5Mi $85,615

Lease Highlights

  • Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure | 20-year roof warranty
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on High Falls Road, with access to 3,912 vehicles passing by daily. The property is surrounded by well-known national tenants, including Wendy's, IHOP, Waffle House, McDonald's, Dollar General, and more. The 5-mile trade area is supported by a population of 10,760 residents with an average household income of $85,615....

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 992 3,572 11,250
2024 Total Population : 991 3,500 10,975
2024 Employed Civilian Pop : 444 1,556 4,012
2024 Total Businesses : 14 67 132
2024 Average Household Income : $ 88,185 $ 89,095 $ 99,213
2024 Total Consumer Spending : $ 33 M $ 111 M $ 272 M
2024 Median Age : 46 44 41
2024 Total Households : 426 1,403 3,095
2024 Pop Age 25+: Bachelor's Degree : 102 293 791
2024 Average Home Value : $ 236,777 $ 234,830 $ 276,363
*ESRI data is presented for informational purposes only

Listing Broker

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