loader
Join Free
Zeekin

Family Dollar

989 Main Street, West Warwick, RI 02893

$1,785,621

Cap Rate 8.00%

Views: 101 DOM: 203 Updated: 10.18.24 Posted: 05.01.24 Status: Active

Summary

Price $1,785,621
Built/Renov 2017
Tenant Family Dollar
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,400
Lease Start 07-01-2018
#Units 8,359
Price/SF $212.57
Expiration 06-30-2028
Tenant Type Dollar/Discount
NOI $142,849
R. Term 3.7
Ownership Fee Simple
Rent/SF $17.01
Increases 5.0%/4/yrs
Pop 5Mi 126,789
Lot/AC 0.83
Options 7/5yrs/5%
AHHI 5Mi $121,737

Todd Tremblay
Horvath & Tremblay: MA
Contact

Bob Horvath
Horvath & Tremblay: MA
Contact

Lease Highlights

  • Family Dollar has 3+ years remaining on the current else term with 7 (5-year) options to extend
  • The lease features 5% rental increases every 5 years and a 10% increase in Option 7
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard corner intersection of Main Street and Maple Avenue, the area’s primary commercial and commuter corridor, with access to a robust combined daily traffic count of 28,900 vehicles. The property boasts outstanding frontage and visibility and is within 1 mile of municipal offices, the West Warwick Civic Center, and several area...

...

Key Features

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong demographics

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Family Dollar Wikipedia Family Dollar Wikipedia West Warwick, Rhode Island Zip Code 02893 Broker Site Page

Documents

Download OM

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,563 59,790 125,551
2023 Total Population : 13,444 59,422 125,130
2023 Employed Civilian Pop : 7,440 31,685 65,786
2023 Total Businesses : 304 2,052 5,156
2023 Average Household Income : $ 81,472 $ 96,507 $ 116,532
2023 Total Consumer Spending : $ 422 M $ 2122 M $ 5200 M
2023 Median Age : 40 43 45
2023 Total Households : 5,999 25,649 52,228
2023 Pop Age 25+: Bachelor's Degree : 1,376 8,755 20,143
2023 Average Home Value : $ 295,820 $ 345,025 $ 379,341
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Highland St 2018 10,809 0.02 mi
East Main Street 2018 11,639 0.08 mi
Pike Street 2018 9,263 0.08 mi
Sunrise Avenue 2018 6,706 0.26 mi
E Main St Elm St 2003 1,000 0.27 mi
Woodside Avenue 2018 6,706 0.30 mi
Clyde Street 2018 6,706 0.35 mi
Providence Street Legion Way 2018 19,541 0.37 mi
Legion Way 2018 11,639 0.54 mi
Archambault Avenue 2018 3,577 0.54 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity