Family Dollar | Dollar Tree

1153 U.S. 61, Port Gibson, MS 39150

$1,024,880

Cap Rate 7.50%

Views: 52 DOM: 131 Updated: 02.26.24 Posted: 01.09.24 Status: Active

Summary

Price $1,024,880	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.50%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 11,000	Lease Start 01-01-2023	#Units 1,200
Price/SF $93.17	Expiration 03-31-2033	Tenant Type Dollar/Discount
NOI $76,866	R. Term 8.10	Ownership Fee Simple
Rent/SF $6.99	Increases 5.0%/9/yrs	Pop 5Mi 3,855
Lot/AC 1.01	Options 3/5yrs/5%	AHHI 5Mi $48,904

Lease Highlights

Brand-new 2023 construction
Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 5% rent increases 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 highly visible as it is strategically located on US Highway 61, with access to 10,885 vehicles passing by daily. The immediate vicinity boasts well-known national tenants such as Sonic, Pizza Hut, McDonald’s, Subway, Ace Hardware, and more. Moreover, Clairborne County Fairgrounds and Park are situated adjacent to the site. The 5-mile trade area is...

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Key Features

New construction
Near major nationals
Strategically located
Highway location
Hospital close
Top 100 MSA
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Gibson, Mississippi Zip Code 39150 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree (Combo)
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...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Church Street	Church St	2018	11,000	0.48 mi
Main Street	Orange St	2021	450	0.81 mi
Orange Street	Farmer St	2021	3,800	0.84 mi
Church Street	Fair St	2018	11,000	0.87 mi
Church Street	Norman McKenzie Dr	2021	12,000	0.87 mi
Oil Mill Road	Wells Ave	2021	2,000	0.88 mi
Oil Mill Road	Anthony St	2018	3,000	0.88 mi
Flower Street	Fair St	2021	1,200	0.90 mi
Fair Street	Flower St	2021	210	0.91 mi
Oil Mill Rd	Vandeventer St	2018	1,200	0.92 mi

Listing Broker

Bryan Bender

Fortis Net Lease

Contact

36 Listings
1722 Views
5 Sold

Ben Schultz

Fortis Net Lease

Contact

16 Listings
770 Views
3 Sold

Bryan Bender

January 18th, 2008 was my first day working in Commercial Real Estate. I still remember arriving early that morning, and receiving a phone call from my father. “Never change who you are” he said, knowing how nervous I was in trying to follow my brother, Robert, into Investment property sales at Marcus & Millichap. I had to make this work, I cannot fail, I thought to myself. After a one and a half decades of ups and downs, listings and closings, and seemingly endless negotiations, a lesson I

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Ben Schultz

As a Senior Director at Fortis Net Lease, I specialize in the disposition and acquisition of net lease real estate. With laser focus on my clients, I aim to make every client feel as if there is no one else. I have concentrated on Net Lease retail, both single, and multi-tenant.Prior to joining the Fortis family, I was a successful banker, working at national and super regional banks. Through the commitment, 100% availability and full service experience I offered my clients, I became one of Mic

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