Family Dollar

303 North Main Street, Opp, AL 36467

$1,370,000

Cap Rate 7.75%

Views: 83 DOM: 139 Updated: 08.23.24 Posted: 04.30.24 Status: Active

Summary

Price $1,370,000	Built/Renov 2015	Tenant Family Dollar
Cap Rate 7.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 8,353	Lease Start 09-14-2015	#Units 8,359
Price/SF $164.01	Expiration 06-30-2030	Tenant Type Dollar/Discount
NOI $106,200	R. Term 5.9	Ownership Fee Simple
Rent/SF $12.71	Increases 6.0%/3/yrs	Pop 5Mi 7,376
Lot/AC 1.67	Options 6/5yrs/6%	AHHI 5Mi $57,272

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Family Dollar has 6+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features rental escalations not to exceed 6% every 3 years throughout the initial term and at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on North Main Street, with access to 13,200 vehicles passing by daily. The property is surrounded by well-known national tenants, including Advanced Auto Parts, Walgreens, O'Reilly Auto Parts, and Tractor Supply. Additionally, in the vicinity are Mizell Memorial Hospital and several housing complexes, such as Roger Apartments, Oak Hill Elderly Apartments,...

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Key Features

Recent renovation
Build to suit
Near major nationals
Strategically located
Highway close
Absolute NNN
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Opp, Alabama Zip Code 36467 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,359
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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 :	3,209	6,779	8,795
2023 Total Population :	3,267	6,878	8,923
2023 Employed Civilian Pop :	1,369	3,060	4,008
2023 Total Businesses :	182	272	299
2023 Average Household Income :	$ 55,542	$ 58,918	$ 59,688
2023 Total Consumer Spending :	$ 67 M	$ 144 M	$ 191 M
2023 Median Age :	46	45	45
2023 Total Households :	1,367	2,780	3,626
2023 Pop Age 25+: Bachelor's Degree :	162	386	485
2023 Average Home Value :	$ 133,641	$ 138,377	$ 142,126

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Main Street	Nix Ave	2021	5,279	0.03 mi
North Main Street	7th St	2020	5,279	0.03 mi
North Main Street	W Stewart Ave	2018	5,622	0.07 mi
N Main St	W Hart Ave	2002	13,200	0.11 mi
East Stewart Avenue	Wasden St	2020	3,291	0.37 mi
East Stewart Avenue	Henley St	2021	3,291	0.37 mi
Jeffcoat Avenue	Brantley St	2021	726	0.48 mi
	Perry Store Rd	2021	7,535	0.49 mi
Henley Street	E Stewart Ave	2014	201	0.54 mi
Jeffcoat Avenue	Brookwood Dr	2019	519	0.66 mi

Listing Broker

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