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Views: 42 DOM: 77 Updated: 10.30.24 Posted: 09.17.24 Status: Active

Summary

Price $1,375,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 20,000
Lease Start 09-13-2023
#Units 1,200
Price/SF $68.75
Expiration 09-30-2033
Tenant Type Dollar/Discount
NOI $110,000
R. Term 8.10
Ownership Fee Simple
Rent/SF $5.50
Increases 0.0%/0/yrs
Pop 5Mi 8,155
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $64,960

Lease Highlights

  • New 2023 construction
  • The Tenant has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located at the signalized, hard corner intersection of North Walnut Street and W 9th Street, with access to a combined daily traffic count of 8,915 vehicles. The property is surrounded by prominent national tenants, including Burger King, AutoZone, Pizza Hut, NAPA Auto Parts, McDonald's, and more. The 5-mile trade area serves a...

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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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Listing Broker

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