Family Dollar | Dollar Tree

5390 West Highway 318, Reddick, FL 32686

$2,163,000

Cap Rate 7.00%

Views: 91 DOM: 81 Updated: 09.06.24 Posted: 06.27.24 Status: Contract 09.06.24

Summary

Price $2,163,000	Built/Renov 2024	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 04-17-2024	#Units 1,200
Price/SF $206.00	Expiration 04-30-2034	Tenant Type Dollar/Discount
NOI $151,410	R. Term 9.7	Ownership Fee Simple
Rent/SF $14.42	Increases 0.0%/0/yrs	Pop 5Mi 5,521
Lot/AC 1.55	Options 4/5yrs	AHHI 5Mi $65,290

BJ Feller

Northmarq

Contact

Lease Highlights

Brand-new 2024 construction
Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features $0.65/PSF rental escalation at the start of option 1, $0.50/PSF at the start of each remaining option
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located at the hard-corner intersection of W Highway 318 and Highway 441, with access to a combined daily traffic count of 14,432 vehicles. The property sits adjacent to a Circle K gas and convenience store and is only a 5-minute drive to the World Equestrian Jockey Club, the largest equestrian complex in the country. Additionally, it is a 15-minute...

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Key Features

New construction
Hard corner intersection
Near major nationals
Freeway close
Major MSA
Income tax free state
Brand new lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Reddick, Florida Zip Code 32686 Broker Site Page Drone Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	284	2,714	5,915
2023 Total Population :	302	2,794	6,039
2023 Employed Civilian Pop :	133	1,190	2,378
2023 Total Businesses :	8	110	211
2023 Average Household Income :	$ 64,636	$ 77,422	$ 81,501
2023 Total Consumer Spending :	$ 7 M	$ 81 M	$ 185 M
2023 Median Age :	51	49	49
2023 Total Households :	127	1,221	2,618
2023 Pop Age 25+: Bachelor's Degree :	32	231	547
2023 Average Home Value :	$ 204,870	$ 280,537	$ 326,580

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N US Hwy 441	Old Dixie Rd	2007	9,700	0.23 mi
N US Hwy 441	NW Gainesville Rd	2008	7,300	0.95 mi
US 441	US Hwy 441	2021	8,400	1.05 mi
	NW 193rd St	2022	8,400	1.05 mi
	NW 70th Ave	2022	4,700	1.07 mi
CR 318	NW 66th Ter	2021	4,700	1.07 mi
NW 193rd St	NW 191st LnRd	2008	600	1.39 mi
Northwest Gainesville Road	NW 165th St	2020	9,600	1.48 mi
Northwest Gainesville Road	N Hwy 441	2022	7,200	1.85 mi
CR 25A	NW 44th Avenue Rd	2021	9,800	1.86 mi

Listing Broker

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