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Views: 114 DOM: 200 Updated: 10.30.24 Posted: 06.12.24 Status: Active

Summary

Price $1,686,774
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 05-30-2024
#Units 1,200
Price/SF $160.65
Expiration 05-31-2034
Tenant Type Dollar/Discount
NOI $130,725
R. Term 9.5
Ownership Fee Simple
Rent/SF $12.45
Increases 0.0%/0/yrs
Pop 5Mi 1,654
Lot/AC 1.00
Options 3/5yrs
AHHI 5Mi $54,194

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 3 (5-year) options to extend
  • The lease features $.50/PSF rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on Old Fort Road, with access to 1,068 vehicles passing by daily. The property is within proximity to Fort Deposit Elementary School, Lowndes County Middle School, and more. The 5-mile trade area is supported by a population of 1,654 residents with an average household income of $54,194. Fort Deposit is a town in Lowndes County, Alabama. As...

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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 : 763 1,379 1,705
2024 Total Population : 821 1,478 1,820
2024 Employed Civilian Pop : 264 501 637
2024 Total Businesses : 35 56 61
2024 Average Household Income : $ 54,137 $ 56,030 $ 57,993
2024 Total Consumer Spending : $ 16 M $ 29 M $ 37 M
2024 Median Age : 42 43 43
2024 Total Households : 339 572 719
2024 Pop Age 25+: Bachelor's Degree : 35 66 90
2024 Average Home Value : $ 91,596 $ 96,795 $ 109,337
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Old Fort Road Golson Rd 2014 2,600 0.16 mi
Golson Road Edwards Dr 2021 391 0.30 mi
Old Fort Road Pollard St 2019 2,643 0.37 mi
Old Fort Road Knights Pl Rd 2021 2,598 0.37 mi
Lee Street Reid-Cates Rd 2021 154 1.09 mi
Old Fort Road Pollard St 2014 960 1.14 mi
County Road 45 Coleman Ct 2021 781 1.30 mi
Hale Street Wagon Wheel Rd 2021 482 1.33 mi
State Route 185 Reid-Cates Rd 2020 2,544 1.34 mi
State Route 185 E Old Fort Rd 2021 2,544 1.34 mi

Listing Broker

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