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Views: 119 Updated: 05.06.24 Posted: 03.19.23 Status: Inactive 05.07.24

Summary

Price $1,296,069
Built/Renov 2019
Tenant Family Dollar
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 03-25-2019
#Units 8,206
Price/SF $155.78
Expiration 07-30-2029
Tenant Type Dollar/Discount
NOI $93,965
R. Term 4.8
Ownership Fee Simple
Rent/SF $11.29
Increases 5.0%/6/yrs
Pop 5Mi 40,000
Lot/AC 1.56
Options 6/5yrs/5%
AHHI 5Mi $71,000

Lease Highlights

  • Family Dollar was constructed in 2019
  • Tenant has 6+ years remaining on its current term with 6 (5-year) options to extend
  • Lease features 5% rental increases every 5 years in option periods
  • Corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Family Dollar is an investment grade tenant (S&P: BBB)

Location Description

Family Dollar is strategically located at the hard corner intersection of Whitehall Road (SR-34), and Lakewood Lane with clear visibility and access to more than 1,100 vehicles passing by daily. Additionally, the site is positioned 2.7 miles from SC-24 (6,600 VPD), and 9.5 miles from SC-187 (5,900 VPD). AnMed Health Medical Center, a 461-bed acute care hospital is located 6.5 miles from the...

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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:8,206
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,164 16,265 41,819
2023 Total Population : 2,200 16,149 40,626
2023 Employed Civilian Pop : 1,039 7,634 18,669
2023 Total Businesses : 46 324 1,708
2023 Average Household Income : $ 81,752 $ 81,850 $ 72,505
2023 Total Consumer Spending : $ 60 M $ 470 M $ 1112 M
2023 Median Age : 44 43 42
2023 Total Households : 851 6,628 17,501
2023 Pop Age 25+: Bachelor's Degree : 199 1,452 4,107
2023 Average Home Value : $ 279,267 $ 248,738 $ 249,294
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Whitehall Rd Pear Tree Ln 2018 4,800 0.55 mi
West Whitner Street Old Portman Rd 2021 10,100 0.58 mi
Keasler Road Elm Ave 2021 1,650 0.59 mi
State Hwy 24 Persimmon Ln 2018 6,900 0.70 mi
Old Portman Road Westgate Rd 2021 5,500 1.14 mi
State Highway 187 Westgate Rd 2021 4,500 1.15 mi
New Prospect Church Road Landau Ln 2021 2,100 1.41 mi
Gerrard Road Ora Ln 2021 1,100 1.48 mi
Whitehall Road Centerville Rd 2021 13,900 1.49 mi
Gerrard Rd Ora Ln 2018 1,200 1.54 mi

Listing Broker

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