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Views: 21 DOM: 19 Updated: 04.30.24 Posted: 04.30.24 Status: Active

Summary

Price $1,790,753
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.30%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 07-01-2024
#Units 1,200
Price/SF $170.55
Expiration 07-30-2034
Tenant Type Dollar/Discount
NOI $130,725
R. Term 10.2
Ownership Fee Simple
Rent/SF $12.45
Increases 0.0%/0/yrs
Pop 5Mi 4,299
Lot/AC 0.75
Options 4/5yrs
AHHI 5Mi $62,927

Lease Highlights

  • Brand new 2024 construction
  • Family Dollar | Dollar Tree will be executing a brand new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on Broad Street/Highway 70, with access to 5,230 vehicles passing by daily. The property is surrounded by key community educational institutions including Hollow Rock-Bruceton Central High School and Hollow Rock-Bruceton Central Elementary. The 5-mile trade area is supported by a population of 4,299 residents with an average...

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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
2028 Total Population : 1,507 2,728 4,157
2023 Total Population : 1,510 2,741 4,185
2023 Employed Civilian Pop : 508 1,007 1,594
2023 Total Businesses : 27 50 62
2023 Average Household Income : $ 61,689 $ 60,221 $ 56,755
2023 Total Consumer Spending : $ 32 M $ 61 M $ 88 M
2023 Median Age : 49 48 47
2023 Total Households : 590 1,138 1,732
2023 Pop Age 25+: Bachelor's Degree : 156 238 306
2023 Average Home Value : $ 144,399 $ 149,465 $ 146,093
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Broadway of America Old Bruceton Rd 2003 5,180 0.69 mi
BRUCETON-VALE RD. Old Pisgah Rd 2021 559 0.99 mi
US 70 Hwy 70 2021 5,624 1.35 mi
ROWLAND MILL RD. Ellis Rd 2021 826 1.66 mi
Bruceton Vale Rd Nance Ln 2003 390 1.91 mi
Rowland Mill Rd Ellis Rd 2003 480 2.09 mi
Marie St 2021 880 2.20 mi
Old Pisgah Rd 2021 833 2.26 mi
State Rte 114 Old Pisgah Rd 2003 920 2.39 mi
US 70 Hollow Rock Branch Rd 2021 6,129 2.42 mi

Listing Broker

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