Family Dollar | Dollar Tree

5050 High Falls Road, Barnesville, GA 30204

$1,690,000

Cap Rate 8.00%

Views: 471 DOM: 106 Updated: 08.12.24 Posted: 06.26.24 Status: Active

Summary

Price $1,690,000	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 8.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 02-01-2024	#Units 1,200
Price/SF $160.95	Expiration 02-28-2034	Tenant Type Dollar/Discount
NOI $135,135	R. Term 9.4	Ownership Fee Simple
Rent/SF $12.87	Increases 0.0%/0/yrs	Pop 5Mi 10,760
Lot/AC 1.54	Options 4/5yrs	AHHI 5Mi $85,615

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Family Dollar | Dollar Tree has 9+ years remaining on the current lease term 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 | 20-year roof warranty
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on High Falls Road, with access to 3,912 vehicles passing by daily. The property is surrounded by well-known national tenants, including Wendy's, IHOP, Waffle House, McDonald's, Dollar General, and more. The 5-mile trade area is supported by a population of 10,760 residents with an average household income of $85,615....

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Key Features

New construction
Roof guarantee
Near major nationals
Freeway close
Top 100 MSA
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Barnesville, Georgia Zip Code 30233 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
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 stores...

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Listing Broker

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