loader
Join Free
Views: 31 DOM: 92 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $595,000
Built/Renov 1990
Tenant Family Dollar
Cap Rate 10.65%
Lease Type Modified Gross
Guarantor Corp T and Rated
Size/SF 11,112
Lease Start 03-01-1990
#Units 8,359
Price/SF $53.55
Expiration 12-31-2027
Tenant Type Dollar/Discount
NOI $63,378
R. Term 3.1
Ownership Fee Simple
Rent/SF $5.70
Increases 3.5%/2/yrs
Pop 5Mi 49,694
Lot/AC 0.64
Options 3/5yrs/3.5%
AHHI 5Mi $64,141

Lease Highlights

  • Family Dollar has been operating in this location since 1990
  • The tenant has 3 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 3.5% rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on North Main Street, with access to 10,758 vehicles passing by daily. The property is situated in a prime retail corridor, surrounded by well-known national tenants such as McDonald's, Circle K, Taco Bell, Dairy Queen, and more. The 5-mile trade area supports a population of 49,694 residents with an average household income of $64,141. Marion is a city...

...

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
2029 Total Population : 10,581 39,930 47,754
2024 Total Population : 10,641 40,246 48,181
2024 Employed Civilian Pop : 3,945 14,964 18,225
2024 Total Businesses : 497 1,389 1,590
2024 Average Household Income : $ 49,147 $ 63,300 $ 67,966
2024 Total Consumer Spending : $ 195 M $ 853 M $ 1117 M
2024 Median Age : 35 40 41
2024 Total Households : 4,412 15,098 18,452
2024 Pop Age 25+: Bachelor's Degree : 473 2,466 3,174
2024 Average Home Value : $ 123,725 $ 155,814 $ 175,875
*ESRI data is presented for informational purposes only

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