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Family Dollar

150 Barks Road East, Marion, OH 43302

$596,500

Cap Rate 10.39%

$619,920

Cap Rate 10.00%

DOM: 50 Updated: 12.20.23 Posted: 10.11.23 Status: Sold 11.30.23

Summary

Price $596,500 $619,920
Built/Renov 1968
Tenant Family Dollar
Cap Rate 10.39% 10.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,400
Lease Start 02-21-2000
#Units 8,206
Price/SF $71.01 $73.80
Expiration 12-31-2025
Tenant Type Dollar/Discount
NOI $61,992
R. Term 0.7
Ownership Fee Simple
Rent/SF $7.38
Increases 8.0%/2/yrs
Pop 5Mi 48,302
Lot/AC 0.95
Options 1/5yrs/8%
AHHI 5Mi $67,211

Eric Carlton
Colliers NNN Group
Contact

Jereme Snyder
Colliers NNN Group
Contact

Lease Highlights

  • Family Dollar has been operating in this location since 2000
  • Tenant has over 2 years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 8% rental increase every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)

Location Description

Family Dollar is situated at the signalized intersection of Delaware Ave/Ohio State Route 423 and Barks Rd, which has a combined daily traffic count of 25,000 vehicles. This strategic location is on one of Marion’s main retail corridors adjacent to national retailers including Kroger, Walgreens, McDonald’s, Burger King, Wendy’s, Taco Bell, Arby’s, and Marion Centre mall. This presence of...

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Key Features

  • Signalized intersection

  • In location for years

  • Near major nationals

  • Strategically located

  • Highway close

  • Top 100 MSA

  • Long operation history

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Family Dollar Wikipedia Family Dollar Wikipedia Marion, Ohio Zip Code 43302 Broker Site Page

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 retail discount stores...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,968 37,208 48,078
2023 Total Population : 3,973 37,413 48,316
2023 Employed Civilian Pop : 1,929 15,968 18,507
2023 Total Businesses : 218 1,176 1,373
2023 Average Household Income : $ 75,572 $ 64,154 $ 67,218
2023 Total Consumer Spending : $ 121 M $ 896 M $ 1076 M
2023 Median Age : 52 41 40
2023 Total Households : 1,841 15,912 18,272
2023 Pop Age 25+: Bachelor's Degree : 577 2,694 3,249
2023 Average Home Value : $ 184,033 $ 145,841 $ 154,508
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Marion Waldo Rd Bostan Rd 2019 14,646 0.10 mi
Marion-Waldo Road Bostan Rd 2021 13,349 0.11 mi
Crescent Heights Road Fairfax Rd 2021 801 0.12 mi
Lake Boulevard Community Dr 2021 880 0.25 mi
Barks Road West Independence Ave 2021 9,507 0.37 mi
Southland Parkway Southwestern Pkwy 2021 1,621 0.39 mi
Delaware Avenue Grace Dr 2021 15,561 0.46 mi
Executive Drive Ellen Kay Dr 2021 3,292 0.55 mi
Vernon Heights Boulevard Rosedale Dr 2021 9,922 0.73 mi
Marion Waldo Rd Bostan Rd 2018 10,214 0.80 mi

Listing Broker

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