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Views: 609 DOM: 79 Updated: 10.30.24 Posted: 09.14.24 Status: Active

Summary

Price $1,611,783
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.85%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 03-15-2024
#Units 1,200
Price/SF $153.50
Expiration 03-31-2034
Tenant Type Dollar/Discount
NOI $126,525
R. Term 9.4
Ownership Fee Simple
Rent/SF $12.05
Increases 0.0%/0/yrs
Pop 5Mi 3,072
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $63,253

Lease Highlights

  • Brand new 2024 construction
  • 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 increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located at the hard corner intersection of University Avenue and County Rd 1350 N, with access to a combined daily traffic of 4,834 vehicles. The property features two points of ingress and egress, and is directly across the street from a Casey's gas station and Henry-Senachwine High School. The immediate area features prominent...

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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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Listing Broker

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