Family Dollar | Dollar Tree

7992 Ohio 366, Russells Point, OH 43348

$989,000

Cap Rate 7.56%

Views: 60 DOM: 94 Updated: 07.24.24 Posted: 06.12.24 Status: Active

Summary

Price $989,000	Built/Renov 2021	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.56%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 15,700	Lease Start 01-22-2021	#Units 1,200
Price/SF $62.99	Expiration 01-22-2026	Tenant Type Dollar/Discount
NOI $74,730	R. Term 1.4	Ownership Fee Simple
Rent/SF $4.76	Increases 0.0%/0/yrs	Pop 5Mi 10,019
Lot/AC 1.00	Options 4/5yrs	AHHI 5Mi $64,323

Lease Highlights

Family Dollar | Dollar Tree has 1+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features $.50/PSF rental increases at the start of each option period
Value add component | 5,000 square feet vacant
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on State Route 366, a main artery, surrounded by well-known national tenants including Subway, McDonald's, Taco Bell, Rite Aid, Kroger, and more. The 5-mile trade area is supported by a population of 10,019 residents with an average household income of $64,323. Russells Point is a village located in northwest Logan County, Ohio. The...

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Key Features

Recent renovation
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway close
Top 100 MSA
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Russells Point, Ohio Zip Code 43348 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

Corey Bunch

Fortis Net Lease

Contact

7 Listings
524 Views
0 Sold

Bryan Bender

Fortis Net Lease

Contact

52 Listings
6872 Views
8 Sold

Corey Bunch

Corey Bunch is an Investment associate at Fortis Net Lease. Corey spent 8 years in the corrugated industry as a sales representative before joining Fortis Net Lease. Being on the road everyday visiting customers taught Corey how to manage his time wisely, how to problem solve, and most importantly how to create valuable customer relationships by understanding their needs. Before getting started in the Packaging business Corey was a student at Michigan State University where he earned his Bac

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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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