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Views: 98 DOM: 205 Updated: 11.11.24 Posted: 04.30.24 Status: Active

Summary

Price $1,353,000
Built/Renov 2016
Tenant Family Dollar
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 04-01-2016
#Units 8,359
Price/SF $162.62
Expiration 03-31-2031
Tenant Type Dollar/Discount
NOI $104,863
R. Term 6.4
Ownership Fee Simple
Rent/SF $12.60
Increases 10.0%/2/yrs
Pop 5Mi 70,794
Lot/AC 1.09
Options 6/5yrs/10%
AHHI 5Mi $65,042

Lease Highlights

  • Family Dollar has 6+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 10% rental increase in April, 2026 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Northside Drive West, with access to 14,600 vehicles passing by daily. The property benefits from a prime location just minutes from Georgia Southern University, which boasts an enrollment of over 27,000 students. Surrounding the property are well-known national tenants including Walmart, Starbucks, O'Reilly Auto Parts, AutoZone, and more....

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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 : 5,129 30,082 50,527
2023 Total Population : 5,099 29,411 49,151
2023 Employed Civilian Pop : 1,932 11,756 21,186
2023 Total Businesses : 597 1,330 1,730
2023 Average Household Income : $ 52,783 $ 63,295 $ 70,926
2023 Total Consumer Spending : $ 105 M $ 607 M $ 1157 M
2023 Median Age : 35 25 25
2023 Total Households : 2,246 10,862 18,540
2023 Pop Age 25+: Bachelor's Degree : 462 2,618 5,324
2023 Average Home Value : $ 179,129 $ 215,071 $ 232,895
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northside Dr W Blitch St 2005 16,090 0.05 mi
Martin Luther King Jr Drive Cobbs 2019 1,630 0.07 mi
Blitch St Rountree St 2005 3,670 0.12 mi
Northside Drive West Blitch St 2019 15,000 0.12 mi
Northside Drive West N College St 2018 14,700 0.18 mi
Northside Drive West N College St 2019 14,600 0.18 mi
W Parrish St Henry St 2005 4,090 0.19 mi
West Parrish Street Cone St 2018 3,790 0.21 mi
West Parrish Street Cone St 2019 3,570 0.21 mi
Martin Luther King Jr Drive Church St 2018 2,820 0.22 mi

Listing Broker

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