Family Dollar | Dollar Tree

2495 Hopkinsville Road, Cadiz, KY 42211

$1,502,941

Cap Rate 7.65%

$1,565,000

Cap Rate 7.35%

DOM: 200 Updated: 07.22.24 Posted: 09.06.23 Status: Sold 03.25.24

Summary

Price $1,502,941 $1,565,000	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.65% 7.35%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 07-06-2023	#Units 8,206
Price/SF $143.14 $149.05	Expiration 07-31-2033	Tenant Type Dollar/Discount
NOI $114,975	R. Term 8.2	Ownership Fee Simple
Rent/SF $10.95	Increases 0.0%/10/yrs	Pop 5Mi 6,842
Lot/AC 1.03	Options 4/5yrs	AHHI 5Mi $56,603

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Brand-new Family Dollar | Dollar Tree combo store
Tenant recently executed a brand-new 10-year lease with 4 (5-year) options to extend
Lease features $0.50 PSF/Year rental increases at the beginning of each option period
Corporate guaranteed lease

Location Description

The subject property is strategically positioned on Hopkinsville Road with access to 8,156 vehicles passing by daily. The location is conveniently situated along Highway 68 (9,938 VPD), providing direct on/off ramp access for travelers. The subject property offers excellent visibility via significant street frontage and multiple points of access. The area surrounding the store is home to...

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Key Features

New construction
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Cadiz, Kentucky Zip Code 42211 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Family Dollar Stores, 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 :	355	4,606	6,832
2023 Total Population :	350	4,551	6,774
2023 Employed Civilian Pop :	154	1,931	2,696
2023 Total Businesses :	61	249	319
2023 Average Household Income :	$ 61,724	$ 67,484	$ 69,920
2023 Total Consumer Spending :	$ 8 M	$ 114 M	$ 172 M
2023 Median Age :	45	42	43
2023 Total Households :	160	1,912	2,777
2023 Pop Age 25+: Bachelor's Degree :	29	329	526
2023 Average Home Value :	$ 244,393	$ 207,436	$ 216,598

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main St	Amber Ln	2014	9,504	0.54 mi
Hopkinsville Rd	Ky-3468-72	2003	10,376	0.63 mi
US Hwy 68	Arrowhead Club Dr	2001	5,078	0.63 mi
Main St	Dean Rd	2017	9,382	0.80 mi
Kings Chapel Rd	Ramon Oliver Rd	2001	156	1.05 mi
Hopkinsville Road	Roger Thomas Rd	2018	16,352	1.60 mi
Hopkinsville Rd	Roger Thomas Rd	2014	9,263	1.64 mi
Cerulean Rd	Avalon Dr	2003	1,400	1.89 mi
Main St	School St	2001	7,669	1.94 mi
Cerulean Road	Cerulean Rd	2018	1,061	1.94 mi

Listing Broker

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