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Views: 200 DOM: 388 Updated: 06.30.24 Posted: 03.11.24 Status: Active

Summary

Price $1,681,469
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 03-01-2024
#Units 1,200
Price/SF $160.14
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $120,225
R. Term 8.11
Ownership Fee Simple
Rent/SF $11.45
Increases 0.0%/0/yrs
Pop 5Mi 2,862
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $35,201

Lease Highlights

  • Family Dollar | Dollar Tree recently executed a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF escalations throughout the initial term and option periods
  • Corporate guaranteed lease (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree combo store is strategically located on Moscow Avenue, with access to 1,086 vehicles passing by daily. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 2,862 residents with an average household income of $35,201. Hickman is a city in and the county seat of Fulton County, Kentucky. The...

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  • 1 Mile
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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
2028 Total Population : 1,552 2,472 2,823
2023 Total Population : 1,576 2,507 2,862
2023 Employed Civilian Pop : 557 845 953
2023 Total Businesses : 78 106 117
2023 Average Household Income : $ 43,890 $ 46,125 $ 50,210
2023 Total Consumer Spending : $ 27 M $ 36 M $ 47 M
2023 Median Age : 42 42 42
2023 Total Households : 714 895 1,050
2023 Pop Age 25+: Bachelor's Degree : 84 155 184
2023 Average Home Value : $ 83,012 $ 89,319 $ 98,214
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
KY 94 10th St 2022 2,000 0.16 mi
Moscow Avenue 4th St 2022 1,087 0.26 mi
KY 1099 Bynum St 2022 3,022 0.37 mi
KY 125 Park St 2022 698 0.52 mi
Troy Ave TerDr 2001 1,447 0.53 mi
Moulton Street Moscow St 2022 807 0.61 mi
Union City Hwy S 7th St 2001 1,180 0.65 mi
S 7th St Union City Hwy 2001 4,421 0.69 mi
Myron Cory Drive Troy Ave 2022 274 0.79 mi
Carrol Street Kentucky St 2018 10,083 0.83 mi

Listing Broker

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D. Andrew Ragsdale

Newmark

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  • 7 Listings
  • 1594 Views
  • 0 Sold
Ken Hedrick

Newmark

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  • 7 Listings
  • 1594 Views
  • 0 Sold

Joining Hedrick and Hopkins in 2011, Ragsdale focuses exclusively on Single Tenant Retail investment properties throughout the United States. As a partner and founding member of Newmark’s Net Lease Capital Markets, he has played a critical role in the team’s $5.75B historical track record. Ragsdale’s clients include merchant developers, public/private REITS, private equity groups, high net worth individuals, and tax-deferred §1031 exchange buyers. A graduate of the University of Tulsa College o

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Hedrick joined Newmark in 2017 to become a founding partner of the Newmark Net Lease Capital Markets. He brings more than 15 years of expertise closing over 325 single tenant deals for more than $5.75B in sales. Some of his notable transactions include the sale of the United Nations office building in Manhattan, GSA-FBI office building in Hawaii, Amazon datacenter in Virginia, more than 76 FedEx distribution facilities and more than 45 Tractor Supply Co.-leased properties throughout the United

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Phillip Butts

Newmark

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  • 7 Listings
  • 1594 Views
  • 0 Sold

Phillip Butts is a Senior Analyst for the Net Lease Capital Markets team. His primary responsibilities include researching market data, underwriting asset values and assisting in the marketing process. Prior to joining the Capital Markets team at Newmark, Butts spent five years with the Stan Johnson Company as an analyst and investment sales broker. Butts grew up in the suburbs of Houston, Texas prior to moving to Tulsa where he earned his Finance and Energy Management degrees at the Unive

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