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Views: 184 DOM: 453 Updated: 11.17.24 Posted: 11.10.23 Status: Active

Summary

Price $1,655,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,352
Lease Start 06-22-2023
#Units 1,200
Price/SF $159.87
Expiration 06-30-2033
Tenant Type Dollar/Discount
NOI $111,720
R. Term 8.4
Ownership Fee Simple
Rent/SF $10.79
Increases 5.0%/5/yrs
Pop 5Mi 4,797
Lot/AC 1.57
Options 3/5yrs/5%
AHHI 5Mi $98,005

Lease Highlights

  • Brand-new 2023 construction
  • Family Dollar | Dollar Tree currently has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 5% rental increases at the beginning of each option
  • Corporate guaranteed lease

  • Investment grade tenant (S&P: BBB)

Location Description

This newly constructed Family Dollar | Dollar Tree combo store is strategically positioned, fronting Jesse Dupont Memorial Hwy which averages 5,800 vehicles passing by daily. Additionally, it is just off Highway 360 which sees an additional 6,100 vehicles per day. The property benefits from limited competition as there are only two discount stores in the surrounding trade area. Approximately...

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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
2028 Total Population : 195 1,180 4,730
2023 Total Population : 198 1,200 4,797
2023 Employed Civilian Pop : 85 421 1,705
2023 Total Businesses : 32 91 172
2023 Average Household Income : $ 84,916 $ 91,230 $ 98,005
2023 Total Consumer Spending : $ 6 M $ 43 M $ 196 M
2023 Median Age : 56 60 60
2023 Total Households : 82 543 2,268
2023 Pop Age 25+: Bachelor's Degree : 25 227 916
2023 Average Home Value : $ 353,873 $ 466,753 $ 470,943
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northumberland Highway Jessie Dupont Memorial Hwy 2021 6,100 0.58 mi
Brickyard Road Northumberland Hwy 2021 370 1.03 mi
SR 646 Birchall Ln 2020 160 1.13 mi
SR 699 Blackwells Wharf Rd 2020 200 1.13 mi
SR 640 Runners Ln 2020 910 1.24 mi
SR 663 Twin Girl Ln 2020 240 1.35 mi
SR 699 Pine Ridge Rd 2020 30 1.39 mi
SR 640 Kittamaqund Rd 2020 70 1.46 mi
SR 646 Hacks Neck Rd 2020 150 1.54 mi
SR 647 Northumberland Hwy 2020 560 1.65 mi

Listing Broker

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