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Views: 60 DOM: 44 Updated: 07.26.24 Posted: 07.26.24 Status: Active

Summary

Price $850,270
Built/Renov 2006
Tenant Family Dollar
Cap Rate 7.40%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,000
Lease Start 02-17-2006
#Units 8,359
Price/SF $106.28
Expiration 12-31-2029
Tenant Type Dollar/Discount
NOI $62,920
R. Term 5.3
Ownership Fee Simple
Rent/SF $7.87
Increases 10.0%/5/yrs
Pop 5Mi 8,305
Lot/AC 0.58
Options 4/5yrs/10%
AHHI 5Mi $111,704

Lease Highlights

  • Family Dollar has been operating in this location since 2006
  • The tenant has 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporare guatantee | Investment grade tenant

Location Description

Family Dollar is strategically located on US-70, the area’s primary commercial and commuter corridor, with access to 10,100 vehicles passing by daily. The property is situated in the center of Lone Grove and is within 1 mile of the Lone Grove Municipal Buildings (Town Hall, Police Department, Fire Department, and US Post Office) and the Lone Grove Schools (Primary, Intermediate, Middle, and...

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Maps

  • 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

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