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Views: 76 DOM: 64 Updated: 10.08.24 Posted: 08.14.24 Status: Sold 10.17.24

Summary

Price $1,375,000 $1,385,555
Built/Renov 2021
Tenant Family Dollar | Dollar Tree
Cap Rate 7.71% 7.65%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 09-01-2021
#Units 1,200
Price/SF $130.95 $131.96
Expiration 09-30-2031
Tenant Type Dollar/Discount
NOI $105,995
R. Term 6.9
Ownership Fee Simple
Rent/SF $10.09
Increases 0.0%/0/yrs
Pop 5Mi 4,982
Lot/AC 0.85
Options 5/5yrs
AHHI 5Mi $55,129

Lease Highlights

  • Tenant has 6+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features $0.50/SF rental increase at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on Mammoth Cave Parkway, with access to 2,591 vehicles passing by daily. The property benefits from excellent visibility along a main artery in Park City, with direct access to and from Highway 65. The immediate area features well-known national tenants, including Subway, Shell, Dollar General, and more. The 5-mile trade area...

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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 : 683 1,589 4,359
2024 Total Population : 669 1,586 4,371
2024 Employed Civilian Pop : 274 595 1,674
2024 Total Businesses : 25 49 99
2024 Average Household Income : $ 55,505 $ 59,997 $ 62,398
2024 Total Consumer Spending : $ 13 M $ 35 M $ 96 M
2024 Median Age : 40 40 40
2024 Total Households : 274 647 1,706
2024 Pop Age 25+: Bachelor's Degree : 37 66 168
2024 Average Home Value : $ 189,638 $ 193,116 $ 205,433
*ESRI data is presented for informational purposes only

Listing Broker

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