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Views: 159 DOM: 438 Updated: 11.26.24 Posted: 09.22.23 Status: Active

Summary

Price $1,187,000
Built/Renov 2007
Tenant Family Dollar
Cap Rate 7.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 12-05-2007
#Units 8,359
Price/SF $129.30
Expiration 12-31-2027
Tenant Type Dollar/Discount
NOI $91,960
R. Term 3.0
Ownership Fee Simple
Rent/SF $10.02
Increases 10.0%/4/yrs
Pop 5Mi 3,883
Lot/AC 1.35
Options 3/5yrs/10%
AHHI 5Mi $59,301

Lease Highlights

  • Family Dollar has been operating in this location since 2007
  • Tenant currently has 3 years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Family Dollar is an investment grade tenant (S&P: BBB)

Location Description

This 9,180 SF Family Dollar, located on 1.35 acres, is conveniently positioned along Old Stage Highway, which sees in excess of 9,200 vehicles passing by daily. Nearby major nationals include Piggly Wiggly, Subway, BP, and more, creating a strong consumer drive to the site. Approximately 3,883 residents, earning an average household income of $59,301 occupy the surrounding 5-mile area....

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Maps

  • 1 Mile
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  • 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 : 535 1,777 3,828
2023 Total Population : 562 1,850 3,883
2023 Employed Civilian Pop : 203 751 1,675
2023 Total Businesses : 25 82 132
2023 Average Household Income : $ 60,616 $ 60,352 $ 59,301
2023 Total Consumer Spending : $ 12 M $ 41 M $ 83 M
2023 Median Age : 43 43 42
2023 Total Households : 222 775 1,579
2023 Pop Age 25+: Bachelor's Degree : 35 123 252
2023 Average Home Value : $ 176,190 $ 179,695 $ 181,179
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Old Lake Road Old Stage Hwy 2019 3,000 0.14 mi
Riegel Course Rd Old Stage Hwy 2004 440 0.21 mi
Old Stage Hwy Church Rd 2018 9,800 0.24 mi
Old Lake Wilmington Road Fedaral Rd 2021 2,100 0.26 mi
Old State Road State Rd 1877 2021 9,300 0.82 mi
State Rd 1878 State Rd 1877 2009 1,600 1.24 mi
Old Lake Rd Ravens Way 2018 1,100 1.69 mi
State Rd 1878 Delco School Rd 2009 1,400 1.75 mi
Andrew Jackson Highway Hamburg St 2018 14,500 2.05 mi
Andrew Jackson Hwy E Bismark St 2009 14,000 2.06 mi

Listing Broker

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