Family Dollar

140 Hopkinsville Road, Nortonville, KY 42442

$1,372,549

Cap Rate 7.65%

Views: 46 DOM: 99 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $1,372,549	Built/Renov 2020	Tenant Family Dollar
Cap Rate 7.65%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 9,180	Lease Start 10-08-2020	#Units 8,359
Price/SF $149.52	Expiration 03-31-2031	Tenant Type Dollar/Discount
NOI $105,000	R. Term 6.4	Ownership Fee Simple
Rent/SF $11.44	Increases 4.0%/6/yrs	Pop 5Mi 5,014
Lot/AC 1.00	Options 6/5yrs/4%	AHHI 5Mi $63,142

Lease Highlights

Family Dollar has 6+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features $0.50/SF rental increases 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 Hopkinsville Road, with access to 3,440 vehicles passing by daily. The property benefits from excellent visibility at the intersection of Routes 41 (Hopkinsville Rd) and 62, and is within close proximity to Highway 169. The immediate area features well-known national tenants, including Family Dollar, Circle K, H&R Block, and more. The 5-mile trade area...

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Key Features

New construction
Build to suit
Near major nationals
Strategically located
Highway close
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Nortonville, Kentucky Zip Code 42442 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
2029 Total Population :	1,232	2,663	5,064
2024 Total Population :	1,255	2,712	5,142
2024 Employed Civilian Pop :	521	1,148	2,141
2024 Total Businesses :	39	59	109
2024 Average Household Income :	$ 73,622	$ 73,097	$ 71,432
2024 Total Consumer Spending :	$ 35 M	$ 71 M	$ 134 M
2024 Median Age :	42	42	43
2024 Total Households :	534	1,078	2,066
2024 Pop Age 25+: Bachelor's Degree :	52	116	241
2024 Average Home Value :	$ 114,446	$ 122,171	$ 144,564

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hopkinsville Rd	E Walnut St	2014	3,513	0.16 mi
US 41	Nortonville White Plains Rd	2022	3,151	0.19 mi
KY 2083	E Walnut St	2022	1,436	0.24 mi
Main St	W Poplar St	2001	2,755	0.34 mi
Pennyrile Pkwy	Nortonville White Plains Rd	2003	10,893	0.51 mi
	Greenville Rd	2022	1,853	0.72 mi
	Pennyrile Pkwy	2022	1,900	0.76 mi
	High St	2022	1,025	0.78 mi
Grace Ln	Red Hill Rd	2000	35	0.79 mi
Red Hill Rd	Marty Ln	2003	538	0.80 mi

Listing Broker

Paul Messina

Sands Investment Group

Contact

4 Listings
177 Views
1 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
2184 Views
5 Sold

Paul Messina

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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