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Views: 80 DOM: 82 Updated: 09.13.24 Posted: 06.26.24 Status: Active

Summary

Price $1,321,920
Built/Renov 2019
Tenant Family Dollar
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,190
Lease Start 09-01-2019
#Units 8,359
Price/SF $143.84
Expiration 09-30-2029
Tenant Type Dollar/Discount
NOI $99,144
R. Term 5.0
Ownership Fee Simple
Rent/SF $10.79
Increases 4.0%/5/yrs
Pop 5Mi 3,117
Lot/AC 0.93
Options 6/5yrs/4%
AHHI 5Mi $68,576

Lease Highlights

  • Family Dollar has 5+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 4% rental increases at the start of each option period
  • Corporate guarantee (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar is strategically located on KY-1, with access to 1,898 vehicles passing by daily. The property is surrounded by renowned national tenants, including Walmart Supercenter, Lowe's Home Improvement, and Tractor Supply Co. The 5-mile trade area is supported by a population of 3,117 residents with an average household income of $68,576. Grayson, a home rule-class city in Carter County,...

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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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Listing Broker

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