Family Dollar

5403 Old National Highway, Atlanta, GA 30349

$1,428,000

Cap Rate 9.00%

Views: 29 DOM: 26 Updated: 08.21.24 Posted: 08.21.24 Status: Active

Summary

Price $1,428,000	Built/Renov 2013	Tenant Family Dollar
Cap Rate 9.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,080	Lease Start 07-01-2013	#Units 8,359
Price/SF $141.67	Expiration 06-30-2028	Tenant Type Dollar/Discount
NOI $128,520	R. Term 3.9	Ownership Fee Simple
Rent/SF $12.75	Increases 7.5%/4/yrs	Pop 5Mi 159,176
Lot/AC 1.20	Options 5/5yrs/7.5%	AHHI 5Mi $79,257

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

Family Dollar has been operating in this location since 2013
The tenant has 3+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Old National Highway, with access to 42,202 vehicles passing by daily. The property is conveniently situated near major highways such as I-285 and I-85, providing easy access to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, the world's busiest airport. The immediate area features well-known national tenants, including O'Reilly...

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Key Features

Recent renovation
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long operation history
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Atlanta, Georgia Zip Code 30349 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 stores...

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Listing Broker

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