Family Dollar

1330 North Oliver Street, Wichita, KS 67208

$1,093,730

Cap Rate 8.10%

Views: 95 DOM: 258 Updated: 08.30.24 Posted: 03.02.24 Status: Active

Summary

Price $1,093,730	Built/Renov 2012	Tenant Family Dollar
Cap Rate 8.10%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 8,320	Lease Start 03-06-2012	#Units 8,359
Price/SF $131.46	Expiration 09-30-2028	Tenant Type Dollar/Discount
NOI $88,592	R. Term 3.10	Ownership Fee Simple
Rent/SF $10.65	Increases 10.0%/4/yrs	Pop 5Mi 209,424
Lot/AC 0.65	Options 6/5yrs/10%	AHHI 5Mi $73,211

Karly Iacono

CBRE

Contact

Lease Highlights

Family Dollar has 4+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 10% rental escalations every 5 year throughout the initial term and option periods
Corporate guarantee (NASDAQ: DLTR)
Investment grade tenant (S&P: BBB)

Location Description

Family Dollar is strategically located near the signalized, hard corner intersection of N. Oliver and East 13th Street, with access to 16,971 vehicles passing by daily. The property features multiple points of ingress and egress. According to Placer.AI data, it ranks in the 92nd percentile of Family Dollar stores in Kansas and the 76th percentile nationwide. Surrounding national retailers...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
University college close
Dense 200M+ pop 5 mi
Top 100 MSA
Top performing store
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Wichita, Kansas Zip Code 67208 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 :	10,934	87,141	209,988
2023 Total Population :	10,971	86,573	208,893
2023 Employed Civilian Pop :	5,076	40,347	98,114
2023 Total Businesses :	261	4,589	10,466
2023 Average Household Income :	$ 61,065	$ 74,808	$ 73,328
2023 Total Consumer Spending :	$ 220 M	$ 2383 M	$ 5541 M
2023 Median Age :	30	35	35
2023 Total Households :	4,102	36,444	86,448
2023 Pop Age 25+: Bachelor's Degree :	1,117	12,376	27,908
2023 Average Home Value :	$ 231,831	$ 229,952	$ 217,156

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Oliver St	E 13th St N	2000	14,976	0.04 mi
E 13th St N	N Dellrose	2000	17,385	0.10 mi
North Oliver Street	N Northeast Pky	2018	16,660	0.10 mi
North Oliver Street	E 1st St N	2021	17,534	0.14 mi
North Oliver Street	E 2nd St N	2008	15,266	0.15 mi
East 13th Street North	N Glendale St	2021	15,122	0.19 mi
East 13th Street North	N Battin St	2018	14,920	0.19 mi
North Oliver Street	E 10th St N	2018	17,300	0.31 mi
	E 15th St N	2021	16,886	0.32 mi
	E 15th St N	2021	16,886	0.32 mi

Listing Broker

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