loader
Join Free
Views: 185 Updated: 12.16.24 Posted: 08.27.24 Status: Inactive 12.16.24

Summary

Price $1,489,240
Built/Renov 1958/2024
Tenant Family Dollar
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 11,628
Lease Start 08-01-2024
#Units 8,359
Price/SF $128.07
Expiration 07-31-2034
Tenant Type Dollar/Discount
NOI $107,970
R. Term 9.7
Ownership Fee Simple
Rent/SF $9.29
Increases 0.0%/0/yrs
Pop 5Mi 3,076
Lot/AC 0.66
Options 5/5yrs
AHHI 5Mi $73,401

Lease Highlights

  • Family Dollar has 9+ years remaining on the current lease term with 5 (5-year) options to extend
  • 2024 Renovations featuring Family Dollar's most up to date design and construction standards
  • The lease features fluctuating rental escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the hard corner intersection of Monroe Avenue and 1st Avenue, with access to a combined daily traffic count of 1,244 vehicles. The property is conveniently situated just off State Route 7 and near the intersection of U.S. Routes 12 and 75, a major east-west highway. Nearby tenants include Hartman’s SuperValu Grocery Store, the United States Postal...

...

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 stores...


...

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

my activity