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Views: 103 DOM: 108 Updated: 11.13.24 Posted: 09.04.24 Status: Active

Summary

Price $2,167,777
Built/Renov 2014
Tenant Family Dollar
Cap Rate 8.35%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 09-21-2012
#Units 8,359
Price/SF $260.55
Expiration 06-30-2029
Tenant Type Dollar/Discount
NOI $181,009
R. Term 4.6
Ownership Fee Simple
Rent/SF $21.76
Increases 10.0%/3/yrs
Pop 5Mi 295,581
Lot/AC 1.00
Options 5/5yrs/10%
AHHI 5Mi $61,400

Lease Highlights

  • 10-year operating history at this location
  • The tenant has 4+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on West Olive Avenue, with access to 10,584 vehicles passing by daily. The property benefits from being surrounded by well-known national tenants, including Starbucks, O'Reilly Auto Parts, Jack in the Box, Taco Bell, Domino's, and more. It is further distinguished as the only Family Dollar in the area west of the nearest location, which is over 14 miles...

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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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