Listed by NAI Northern California - HQ
$730,000
Family Dollar
Details
APN 65A-88D
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 9,270
Net Rentable (SqFt) 9,270
Units 1
Cap Rate 8.15%
NOI $59,500
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 21.4
Lease Expiration 12/31/2027
Remaining Term 1.6
Price per SqFt $79
Broker Co-Op Yes
Year Built 2007
Year Renovated 2022
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/04/2006
Retail | 8.15% CAP | 9,270 SF
Marketing description
Investment highlights
Corporate Guaranteed Tenant.
Newly remodeled store & recent option extension further demonstrates Family Dollar's commitment to this location.
Current options period from 1/1/2023 to 12/31/2027.
3 X 5 year options remain.
Landlord responsible for roof, structure & parking lot repair over an aggregate cost of $1,000 per calendar year.
Tenant reimburses for taxes & insurance.
Located on high visibility Main Street which turns into Interstate 11 and runs parallel, eventually merges into Hwy-81 going westbound.
In addition to base rent, tenant will pay landlord a percentage rent equal to 3% of the gross sales in excess of $1,983,333.00 for each calendar year.
Listing Contacts
Listed by NAI Northern California - HQ
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,500.00
$4,958.33/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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