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Views: 124 DOM: 255 Updated: 11.07.24 Posted: 04.11.24 Status: Active

Summary

Price $1,140,096
Built/Renov 1984/2021
Tenant Family Dollar
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,025
Lease Start 11-15-2021
#Units 8,359
Price/SF $147.17
Expiration 01-31-2032
Tenant Type Dollar/Discount
NOI $82,658
R. Term 7.1
Ownership Fee Simple
Rent/SF $10.30
Increases 0.0%/0/yrs
Pop 5Mi 252,234
Lot/AC 0.52
Options 5/5yrs
AHHI 5Mi $64,259

Lease Highlights

  • Recent 2021 renovations
  • Family Dollar has 7+ years remaining on the current lease term with 5 (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

Family Dollar is strategically located on Taylor Blvd, with access to 21,070 vehicles passing by daily. The property enjoys direct adjacency to Churchill Downs, the renowned horse racing complex hosting the Kentucky Derby, the first leg of the Triple Crown. Additionally, it is conveniently situated nearby Southland Terrace, a shopping center featuring well-known national retailers such 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
2028 Total Population : 18,447 117,535 252,122
2023 Total Population : 18,293 117,545 252,234
2023 Employed Civilian Pop : 8,505 56,895 120,578
2023 Total Businesses : 366 3,686 11,662
2023 Average Household Income : $ 48,592 $ 55,821 $ 64,259
2023 Total Consumer Spending : $ 314 M $ 2444 M $ 6101 M
2023 Median Age : 36 36 38
2023 Total Households : 7,311 49,731 108,205
2023 Pop Age 25+: Bachelor's Degree : 925 10,738 27,610
2023 Average Home Value : $ 149,951 $ 209,555 $ 236,543
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 60 Alternate Arcade Ave 2022 11,593 0.06 mi
Taylor Blvd Phyllis Ave 2012 13,768 0.10 mi
Taylor Blvd Southgate Ave 2014 13,398 0.12 mi
Longfield Ave Taylor Blvd 2008 4,196 0.27 mi
Longfield Ave Wizard Ave 2014 3,781 0.28 mi
Arcade Avenue Utah Ave 2022 3,449 0.31 mi
Central Avenue Montana Ave 2022 12,088 0.36 mi
Central Ave Taylor Blvd 2014 9,979 0.36 mi
Cliff Ave 2022 3,323 0.37 mi
Taylor Blvd Dresden Ave 2011 20,240 0.39 mi

Listing Broker

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