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Views: 114 DOM: 208 Updated: 08.23.24 Posted: 05.28.24 Status: Active

Summary

Price $924,667
Built/Renov 2018
Tenant Family Dollar
Cap Rate 9.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 01-25-2018
#Units 8,359
Price/SF $111.14
Expiration 03-31-2028
Tenant Type Dollar/Discount
NOI $83,220
R. Term 3.3
Ownership Fee Simple
Rent/SF $10.00
Increases 0.0%/4/yrs
Pop 5Mi 8,147
Lot/AC 1.25
Options 6/5yrs
AHHI 5Mi $87,109

Lease Highlights

  • Family Dollar has 3+ years remaining on the current lease term with 6 (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
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Highway 74, with access to 6,150 vehicles passing by daily. The property's prime location is further enhanced by its proximity to well-known national tenants such as TJ Maxx, Lowe's, Sam's Club, The Home Depot, Starbucks, and more. The 5-mile trade area is supported by a population of 8,147 residents with an average household income of $87,109. St....

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,430 5,465 10,893
2024 Total Population : 2,433 5,479 10,553
2024 Employed Civilian Pop : 127 1,197 3,417
2024 Total Businesses : 31 164 266
2024 Average Household Income : $ 90,091 $ 85,460 $ 136,377
2024 Total Consumer Spending : $ 9 M $ 106 M $ 376 M
2024 Median Age : 38 38 39
2024 Total Households : 125 1,404 3,188
2024 Pop Age 25+: Bachelor's Degree : 223 428 1,606
2024 Average Home Value : $ 301,064 $ 330,118 $ 432,350
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Route 74 Nicholson Exd 2022 5,925 0.04 mi
State Rte 74 Wintz St 2009 4,471 0.22 mi
Nicholson Extended Browne Dr 2022 8,025 0.36 mi
State Route 75 Monticello Dr 2022 3,091 0.51 mi
Nicholson Extended Lsu Ag Rd 2022 11,434 0.58 mi
Martin Luther King Parkway Smith St 2022 3,064 1.82 mi
Point Clair Road Monroe Ln 2022 1,957 2.91 mi

Listing Broker

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