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Views: 119 DOM: 192 Updated: 10.30.24 Posted: 06.12.24 Status: Active

Summary

Price $989,000
Built/Renov 2021
Tenant Family Dollar | Dollar Tree
Cap Rate 7.56%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 15,700
Lease Start 01-22-2021
#Units 1,200
Price/SF $62.99
Expiration 01-22-2026
Tenant Type Dollar/Discount
NOI $74,730
R. Term 1.1
Ownership Fee Simple
Rent/SF $4.76
Increases 0.0%/0/yrs
Pop 5Mi 10,019
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $64,323

Lease Highlights

  • Family Dollar | Dollar Tree has 1+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $.50/PSF rental increases at the start of each option period
  • Value add component | 5,000 square feet vacant
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on State Route 366, a main artery, surrounded by well-known national tenants including Subway, McDonald's, Taco Bell, Rite Aid, Kroger, and more. The 5-mile trade area is supported by a population of 10,019 residents with an average household income of $64,323. Russells Point is a village located in northwest Logan County, Ohio. The...

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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
2029 Total Population : 1,029 4,061 9,755
2024 Total Population : 1,062 4,129 9,853
2024 Employed Civilian Pop : 481 1,958 4,516
2024 Total Businesses : 34 157 312
2024 Average Household Income : $ 86,818 $ 92,939 $ 94,775
2024 Total Consumer Spending : $ 42 M $ 167 M $ 394 M
2024 Median Age : 51 51 52
2024 Total Households : 537 2,002 4,613
2024 Pop Age 25+: Bachelor's Degree : 107 442 933
2024 Average Home Value : $ 275,462 $ 272,670 $ 256,555
*ESRI data is presented for informational purposes only

Listing Broker

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