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Views: 10 DOM: 60 Updated: 08.06.24 Posted: 07.09.24 Status: Active

Summary

Price $1,505,824
Built/Renov 2022
Tenant Family Dollar | Dollar Tree (Dark)
Cap Rate 8.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 07-01-2022
#Units 1,200
Price/SF $143.41
Expiration 06-30-2032
Tenant Type Dollar/Discount
NOI $127,995
R. Term 7.9
Ownership Fee Simple
Rent/SF $12.19
Increases 0.0%/0/yrs
Pop 5Mi 1,435
Lot/AC 1.70
Options 0/0yrs
AHHI 5Mi $93,401

Lease Highlights

  • Family Dollar | Dollar Tree has 7+ years remaining on the current lease term with no options to extend
  • The lease features $0.50/PSF escalations throughout the initial term
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on SW Birch Street, the primary thoroughfare, with access to 1,975 vehicles passing by daily. The property is surrounded by well-known national tenants, including Subway, McDonald's, Ace Hardware, NAPA Auto Parts, Circle K, and more. The 5-mile trade area is supported by a population of 1,435 residents with an average household...

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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
2027 Total Population : 1,353 1,461 1,555
2022 Total Population : 1,371 1,481 1,574
2022 Employed Civilian Pop : 648 699 742
2022 Total Businesses : 33 37 45
2022 Average Household Income : $ 95,254 $ 95,041 $ 95,218
2022 Total Consumer Spending : $ 48 M $ 51 M $ 54 M
2022 Median Age : 48 48 48
2022 Total Households : 575 619 655
2022 Pop Age 25+: Bachelor's Degree : 161 174 184
2022 Average Home Value : $ 196,411 $ 195,470 $ 197,065
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Southwest Birch Street McGowen Dr 2018 2,000 0.01 mi
Southwest Birch Street McGowen Dr 2020 1,807 0.01 mi
Southwest Birch Place SW Cedar St 2020 1,298 0.04 mi
Southwest Birch Place SW 5th St 2018 1,400 0.09 mi
Southwest Birch Street SW 2nd St 2018 2,800 0.11 mi
Southwest Birch Street SW 2nd St 2020 2,576 0.17 mi
Northwest 2nd Street NW Birch St 2020 2,999 0.25 mi
Northeast Alder Street N Alder St 2018 3,200 0.28 mi
Southwest Birch Place Pendleton-John Day Hwy 2018 810 0.31 mi
Northeast Alder Street N Alder St 2020 3,035 0.35 mi

Listing Broker

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