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Views: 172 DOM: 86 Updated: 08.27.24 Posted: 08.27.24 Status: Active

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 9.8
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...

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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 stores...


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Listing Broker

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