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Views: 80 DOM: 174 Updated: 11.02.24 Posted: 07.09.24 Status: Active

Summary

Price $1,565,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 8.05%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 10-20-2023
#Units 1,200
Price/SF $149.05
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $126,000
R. Term 9.2
Ownership Fee Simple
Rent/SF $12.00
Increases 0.0%/0/yrs
Pop 5Mi 3,515
Lot/AC 1.60
Options 4/5yrs
AHHI 5Mi $74,278

Lease Highlights

  • New 2023 construction
  • Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

The Family Dollar | Dollar Tree combo store is strategically located at the signalized, hard corner intersection of S 7th Street and E South Street, with access to a combined daily traffic count of 1,848 vehicles. The property has immediate proximity to Rock Island Trail State Park, a popular 26-mile biking and walking trail in Central Illinois. Additionally, the immediate area features...

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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 stores...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,073 1,331 1,853
2024 Total Population : 1,132 1,403 1,949
2024 Employed Civilian Pop : 529 660 909
2024 Total Businesses : 64 71 88
2024 Average Household Income : $ 82,044 $ 83,222 $ 84,457
2024 Total Consumer Spending : $ 38 M $ 47 M $ 61 M
2024 Median Age : 45 45 45
2024 Total Households : 516 634 806
2024 Pop Age 25+: Bachelor's Degree : 155 191 241
2024 Average Home Value : $ 160,085 $ 158,679 $ 157,629
*ESRI data is presented for informational purposes only

Listing Broker

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