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Views: 31 DOM: 49 Updated: 04.24.24 Posted: 03.29.24 Status: Active

Summary

Price $1,512,000
Built/Renov 2022
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 04-28-2022
#Units 1,200
Price/SF $144.00
Expiration 04-30-2032
Tenant Type Dollar/Discount
NOI $113,400
R. Term 7.11
Ownership Fee Simple
Rent/SF $10.80
Increases 0.0%/0/yrs
Pop 5Mi 2,620
Lot/AC 1.64
Options 5/5yrs
AHHI 5Mi $67,374

Lease Highlights

  • Family Dollar | Dollar Tree has 8 years remaining on the current lease term with 5 (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 is strategically located on West Savannah Street, with convenient adjacency to 7-Eleven. The property enjoys proximity to community educational institutions, including Calhoun Falls Charter School and John C. Calhoun Elementary School. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,566 2,198 2,629
2023 Total Population : 1,563 2,192 2,615
2023 Employed Civilian Pop : 504 712 873
2023 Total Businesses : 27 32 37
2023 Average Household Income : $ 69,628 $ 71,946 $ 72,379
2023 Total Consumer Spending : $ 42 M $ 62 M $ 74 M
2023 Median Age : 46 46 46
2023 Total Households : 682 953 1,146
2023 Pop Age 25+: Bachelor's Degree : 111 160 181
2023 Average Home Value : $ 111,207 $ 114,931 $ 115,844
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Savannah St Seneca St 2008 1,400 0.06 mi
South Calhoun Shores Parkway Elberton St 2022 950 0.09 mi
Seneca Street Henry Ellison Ave 2021 900 0.10 mi
Seneca Street Sylvia Dr 2022 750 0.10 mi
S Cox Ave Seneca St 2010 175 0.11 mi
W Savannah St Hwy 72 W 2010 1,750 0.14 mi
South Cox Avenue W Savannah St 2021 125 0.16 mi
Gordon Street N Tugaloo St 2022 275 0.17 mi
Gordon Street N Gordon Ave 2021 275 0.17 mi
Henry Ellison Avenue S Gordon Ave 2021 225 0.24 mi

Listing Broker

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