Family Dollar

3656 Jeffersonville Road, Macon, GA 31217

$1,021,000

Cap Rate 7.50%

Views: 76 DOM: 92 Updated: 08.31.24 Posted: 06.07.24 Status: Active

Summary

Price $1,021,000	Built/Renov 2004	Tenant Family Dollar
Cap Rate 7.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 8,000	Lease Start 01-01-2004	#Units 8,359
Price/SF $127.63	Expiration 12-31-2024	Tenant Type Dollar/Discount
NOI $76,560	R. Term 0.3	Ownership Fee Simple
Rent/SF $9.57	Increases 10.0%/0/yrs	Pop 5Mi 30,949
Lot/AC 1.00	Options 2/5yrs/10%	AHHI 5Mi $58,562

Lease Highlights

Family Dollar has been operating in this location since 2004
The tenant has less than 1 year remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard corner intersection of Jeffersonville Rd. and State Hwy 57, with access to a combined daily traffic count of 22,200 vehicles. The property is directly accessible from the on/off ramps of Interstate-16, which sees 87,300 VPD. Additionally, it is within 5 miles from downtown Macon and Mercer University, which has 9,000 students....

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Highway location
Major MSA
Long operation history
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Macon, Georgia Zip Code 31217 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 stores...

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Listing Broker

Kyle Fant

SRS National Net Lease Group

Contact

91 Listings
8304 Views
28 Sold

Britt Raymond

SRS National Net Lease Group

Contact

98 Listings
8734 Views
33 Sold

Kyle Fant

Kyle joined SRS in 2017 along with his partner Britt Raymond to spearhead the New York City office for the National Net Lease Group and accelerate growth across the east coast. Kyle has over eight years of experience in investment sales of net lease retail, medical, and industrial properties across the country. Kyle spent the first three years of his career in Marcus & Millichap’s flagship Manhattan office where he was able to work and learn from some of the firm’s top transactional brokera

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Britt Raymond

Britt Raymond is a Managing Director and Market Leader of New York Capital Market. Britt spearheads efforts to grow SRS’s presence across the northeast. She also advises owners of net lease assets and anchored shopping centers nationwide to buy, acquire, or finance. She also provides 1031 Tax Deferred Exchange advisory. She has closed over $2.75 billion in commercial real estate transactions in her career. Britt Raymond joined SRS in 2017 with eight years of commercial real estate experience. S

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