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Updated: 07.12.24 Posted: 11.04.23 Status: Sold

Summary

Price $999,999
Built/Renov 1984/2017
Tenant Family Dollar
Cap Rate 7.91%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,650
Lease Start 09-01-2017
#Units 8,359
Price/SF $79.05
Expiration 09-30-2027
Tenant Type Dollar/Discount
NOI $79,062
R. Term 2.4
Ownership Fee Simple
Rent/SF $6.25
Increases 8.0%/4/yrs
Pop 5Mi 14,945
Lot/AC 1.80
Options 4/5yrs/8%
AHHI 5Mi $49,162

Lease Highlights

  • Family Dollar has 3+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 8% rental increases every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar is strategically located on the main corridor of US 421, with access to 17,500 vehicles passing by daily. The property is situated near national tenants, including Walmart, Food City, Goody’s, Save A Lot, CVS, Hibbett Sports, Big Lots, McDonald's, and more. Additionally, it is in close proximity to Harlan ARH Hospital with 145 beds. The 5-mile trade area surrounding the location...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pine Mountain Road Hwy 413 2021 1,581 0.29 mi
US Hwy 119 Hwy 421 2001 7,493 0.52 mi
Pine Mountain Rd Hwy 413 2002 2,465 0.65 mi
Hwy 522 2022 7,440 0.71 mi
White Ln 2022 1,193 0.81 mi
US Hwy 119 Hwy 421 2002 11,473 0.81 mi
Christine Road Hwy 421 2018 438 0.99 mi
KY 413 White Ln 2021 578 1.00 mi
US Hwy 119 Hwy 421 2014 8,244 1.17 mi
US Hwy 421 Hwy 72 2002 2,656 1.33 mi

Listing Broker

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