Listed by Twin Rivers Capital
$2,048,667
Family Dollar | Pierson, FL
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,500
Net Rentable (SqFt) 10,500
NOI $138,285
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10.1
Lease Expiration 04/30/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Five 5-Year Options
Price per SqFt $195
Year Built 2009
Year Renovated 2023
Acreage 1.690
Parking Spaces 42 spaces
Parking per 1,000 SqFt 4.00
Investment Type Net Lease
Lease Commencement 04/01/2024
Ground Lease No
Retail | 10,500 SqFt
Marketing description
10+ year lease. Investment grade, recession-proof, e-commerce resistant tenant. Ultra-successful combo store format. VPD on N Center St = 7,400±.
Investment highlights
10+ year lease. Investment grade, recession-proof, e-commerce resistant tenant. Ultra-successful combo store format. VPD on N Center St = 7,400±.
Listing Contacts
Listed by Twin Rivers Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,285.00
$11,523.75/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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Property History
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