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Views: 180 DOM: 433 Updated: 10.10.24 Posted: 08.12.23 Status: Active

Summary

Price $1,422,500
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 11-01-2023
#Units 1,200
Price/SF $142.86
Expiration 11-01-2033
Tenant Type Dollar/Discount
NOI $110,250
R. Term 9.0
Ownership Fee Simple
Rent/SF $10.50
Increases 9.0%/10/yrs
Pop 5Mi 70,340
Lot/AC 1.01
Options 4/5yrs/9%
AHHI 5Mi $8,392

Lease Highlights

  • Brand new 2023 construction
  • Brand new 10-year lease with 4 (5-year) options to extend
  • Lease features 9% rental increases every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)

Location Description

This newly constructed 10,500 square foot Family Dollar/Dollar Tree location is situated on a 1.01 acre parcel at the hard corner intersection of FM1713 and Tulip Lane with access to 4,800 vehicles per day. The site benefits from its location within a dense residential area which provides a direct consumer base to draw from. Neighboring national/credit tenants in the area include Sonic,...

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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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Listing Broker

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