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Views: 104 DOM: 112 Updated: 10.18.24 Posted: 07.26.24 Status: Active

Summary

Price $838,933
Built/Renov 2006
Tenant Family Dollar
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,000
Lease Start 02-17-2006
#Units 8,359
Price/SF $104.87
Expiration 12-31-2029
Tenant Type Dollar/Discount
NOI $62,920
R. Term 5.1
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 increases 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

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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,688 4,973 8,414
2024 Total Population : 1,712 4,973 8,400
2024 Employed Civilian Pop : 839 2,566 4,358
2024 Total Businesses : 90 167 225
2024 Average Household Income : $ 76,052 $ 87,797 $ 92,958
2024 Total Consumer Spending : $ 44 M $ 144 M $ 254 M
2024 Median Age : 37 39 39
2024 Total Households : 654 1,856 3,098
2024 Pop Age 25+: Bachelor's Degree : 64 369 827
2024 Average Home Value : $ 156,183 $ 219,945 $ 237,469
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 70 Evergreen St 2021 13,500 0.18 mi
Memorial Rd 2021 1,400 0.80 mi
Cody St 2021 2,300 0.86 mi
Cheek Rd 2021 8,700 1.66 mi
Timber Rd 2021 780 2.03 mi
K Lynn St 2021 850 2.30 mi

Listing Broker

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