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Views: 63 DOM: 96 Updated: 07.24.24 Posted: 06.12.24 Status: Active

Summary

Price $1,680,000
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 06-01-2024
#Units 1,200
Price/SF $160.00
Expiration 06-01-2034
Tenant Type Dollar/Discount
NOI $126,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $12.00
Increases 0.0%/0/yrs
Pop 5Mi 10,707
Lot/AC 1.00
Options 3/5yrs
AHHI 5Mi $64,312

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 10-year lease with 3 (5-year) options to extend
  • The lease features $.50/PSF rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on Straughn School Road, with access to 4551 vehicles. The property is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 10,707 residents with an average household income of $64,312. Andalusia is a city in and the county seat of Covington County, Alabama. At the 2020 census, 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 stores...


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Listing Broker

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