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Views: 145 DOM: 170 Updated: 10.30.24 Posted: 07.04.24 Status: Active

Summary

Price $1,638,851
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.40%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 10-01-2023
#Units 1,200
Price/SF $156.08
Expiration 10-01-2033
Tenant Type Dollar/Discount
NOI $121,275
R. Term 8.9
Ownership Fee Simple
Rent/SF $11.55
Increases 0.0%/0/yrs
Pop 5Mi 3,808
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $51,401

Lease Highlights

  • Family Dollar | Dollar Tree has 8+ years remaining on the current lease term with 4 (5-year) options to exited
  • The lease features $0.50/PSF rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located at the signaled, hard-corner intersection of Highway 39 and Main Street, with access to a combined daily traffic count of 4,695 vehicles. The property features multiple points of ingress and egress and is adjacent to Dollar General. The 5-mile trade area is supported by a population of 3,808 residents with an average household...

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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
2029 Total Population : 487 2,304 4,434
2024 Total Population : 450 2,155 4,246
2024 Employed Civilian Pop : 120 688 1,504
2024 Total Businesses : 37 60 73
2024 Average Household Income : $ 56,525 $ 58,115 $ 59,470
2024 Total Consumer Spending : $ 9 M $ 47 M $ 90 M
2024 Median Age : 44 43 42
2024 Total Households : 178 890 1,673
2024 Pop Age 25+: Bachelor's Degree : 21 96 227
2024 Average Home Value : $ 198,175 $ 193,531 $ 207,072
*ESRI data is presented for informational purposes only

Listing Broker

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