Family Dollar

9447 U.S. 80, Simsboro, LA 71275

$940,000

Cap Rate 7.50%

Views: 116 DOM: 112 Updated: 07.26.24 Posted: 07.26.24 Status: Active

Summary

Price $940,000	Built/Renov 2018	Tenant Family Dollar
Cap Rate 7.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 8,320	Lease Start 08-02-2018	#Units 8,359
Price/SF $112.98	Expiration 03-31-2029	Tenant Type Dollar/Discount
NOI $70,500	R. Term 4.4	Ownership Fee Simple
Rent/SF $8.47	Increases 0.0%/0/yrs	Pop 5Mi 7,522
Lot/AC 0.94	Options 6/5yrs	AHHI 5Mi $53,807

Lease Highlights

Family Dollar has 4+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features $0.50/PSF rental escalations throughout the initial term and option periods
Bite-sized deal | Below market rent
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on US-80, an east-west highway, with access to 2,592 vehicles passing by daily. The property is situated one mile south of the on/off ramps for Interstate 20, a major highway running from Scroggins Draw, Texas, to Florence, South Carolina, and a major thoroughfare in this region. Additionally, it is directly across the street from Simsboro School. The...

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Key Features

Build to suit
Strategically located
Freeway close
Highway location
Below Market Rent
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Simsboro, Louisiana Zip Code 71275 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 stores...

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Listing Broker

Jack Collins

Northmarq

Contact

6 Listings
626 Views
0 Sold

BJ Feller

Northmarq

Contact

55 Listings
6410 Views
8 Sold

Jack Collins

Jack Collins serves as an associate vice president on Northmarq’s Chicago retail investment sales team. Jack specializes in the disposition and acquisition of single tenant retail properties for a wide range of real estate institutions, developers, private equity groups, operators and private investors. Jack's dedication to maximize value through his straightforward and detail-oriented approach is what makes him a tremendous asset to his clients. Recognized for his honesty and execution, Jack c

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BJ Feller

BJ Feller is a Senior Vice President and Managing Director of Northmarq’s Chicago office, leading a team of professionals specializing in the disposition and acquisition of net lease retail, office and industrial properties nationally. Feller represents a broad range of institutional, private, and international clients, and has completed transactions in excess of $4.5 billion across 39 states, consistently providing strong results for clients. Before joining Northmarq, Feller served as Managing

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