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Views: 123 DOM: 164 Updated: 10.25.24 Posted: 07.10.24 Status: Active

Summary

Price $1,199,271
Built/Renov 2016
Tenant Family Dollar
Cap Rate 8.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 07-01-2016
#Units 8,359
Price/SF $163.36
Expiration 06-30-2031
Tenant Type Dollar/Discount
NOI $101,938
R. Term 6.6
Ownership Fee Simple
Rent/SF $12.25
Increases 10.0%/5/yrs
Pop 5Mi 3,060
Lot/AC 1.45
Options 6/5yrs/10%
AHHI 5Mi $65,192

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 increases every 5 years in primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Plum Street (US Highway 41), the area’s primary commercial and commuter corridor, with access to 1,485 vehicles passing by daily. This prime location is 0.4 miles from the intersection with Hamilton Avenue (FL Route 143) and 1.5 miles from Interstate 75. Additionally, the property serves as the primary shopping destination within the town, as 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 : 764 1,142 3,022
2024 Total Population : 790 1,169 3,018
2024 Employed Civilian Pop : 271 411 1,108
2024 Total Businesses : 22 33 70
2024 Average Household Income : $ 46,430 $ 51,440 $ 61,487
2024 Total Consumer Spending : $ 11 M $ 19 M $ 63 M
2024 Median Age : 38 38 40
2024 Total Households : 269 416 1,128
2024 Pop Age 25+: Bachelor's Degree : 19 40 164
2024 Average Home Value : $ 170,270 $ 239,844 $ 281,541
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hamilton Ave Berry St Exd 2005 1,650 0.36 mi
NW King Ave 2022 1,000 0.63 mi
US Hwy 41 Plum St 2018 1,400 0.86 mi
2005 950 1.07 mi
Hamilton Ave 2022 550 1.13 mi
Hamilton Ave 2022 250 1.14 mi
Hamilton Ave 2022 250 1.33 mi
Hamilton Ave 2022 550 1.34 mi
I- 75 Hamilton Ave 2005 38,959 1.40 mi
Old Hwy 41 2022 1,400 1.52 mi

Listing Broker

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