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Views: 115 DOM: 240 Updated: 11.11.24 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 5.6
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

Lease Highlights

  • Family Dollar has 5+ years remaining on the current lease term with 6 (5-year) options to extend
  • Rental increases not to exceed 6% every 3 years throughout the initial term and at the start of each option period
  • Absolute NNN lease | 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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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...


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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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