Family Dollar

109 South Street, Interlachen, FL 32148

$1,825,000

Cap Rate 6.15%

Views: 175 Updated: 09.12.24 Posted: 12.28.22 Status: Inactive 10.08.24

Summary

Price $1,825,000	Built/Renov 2007	Tenant Family Dollar
Cap Rate 6.15%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 9,180	Lease Start 06-01-2007	#Units 8,359
Price/SF $198.80	Expiration 12-31-2027	Tenant Type Dollar/Discount
NOI $112,200	R. Term 3.0	Ownership Fee Simple
Rent/SF $12.22	Increases 10.0%/5/yrs	Pop 5Mi 11,457
Lot/AC 1.18	Options 4/5yrs/10%	AHHI 5Mi $47,883

Lease Highlights

Family Dollar has been operating at this location since 2007
The tenant has 3+ years remaining on its current lease term with 4 (5-year) option to extend
Lease offers rare 10% rental increase at each of the options
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is ideally situated near the intersection of State Road 20 and County Road which sees over 16,680 vehicles per day. The subject property is located near many major national tenants such as CVS Pharmacy, Advance Auto Parts, Circle K, McDonald's, Subway, Domino’s, Advanced Auto Parts and many more. Additionally, the property is in proximity to both Interlachen High School and...

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Key Features

In location for years
Strong tenant synergy
Major MSA
Income tax free state
Long operation history
Limited competition
Traded and rated company
Corporate Guarantee

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Interlachen, Florida Zip Code 32148 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	1,001	6,788	11,604
2022 Total Population :	1,007	6,705	11,353
2022 Employed Civilian Pop :	252	2,011	3,838
2022 Total Businesses :	29	166	204
2022 Average Household Income :	$ 58,482	$ 53,978	$ 53,407
2022 Total Consumer Spending :	$ 21 M	$ 130 M	$ 214 M
2022 Median Age :	48	47	46
2022 Total Households :	426	2,732	4,550
2022 Pop Age 25+: Bachelor's Degree :	52	314	575
2022 Average Home Value :	$ 187,829	$ 144,251	$ 132,446

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Hwy 20	Seminole Dr	2005	14,000	0.44 mi
Grand Avenue	Orange St	2020	2,400	1.16 mi
	Prospect Ave	2019	11,400	1.29 mi

Listing Broker

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
2567 Views
4 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8324 Views
28 Sold

Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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