Brand New Dollar Tree | Family Dollar
Sibley, IA | 8.50% CAP | 10,500 SqFt
Marketing description
We are pleased to present this 10,500 SF. freestanding Family Dollar store located in
Sibley, Iowa. The property offers a Double Net (NN) Lease, leaving minimal landlord
responsibilities. The lease contains 4 (5 year) options to renew, each with a$0.50
PSF rental rate increase. The lease has a corporate guaranty. The store has
completed construction & successfully opened for business in December 2023!
This Family Dollar store is highly visible as it is strategically positioned between 1st
Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the
store is easily accessible from either street. It sits across the street from a Casey's &
gas station. The ten mile population from the site is 5,802 while the three mile average
household income is $74,225 per year, making this location ideal for a Family Dollar |
Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031
exchange buyer or a “passive” investor to attain the fee simple ownership of a Family
Dollar. This investment will offer a new owner continued success due to the financial
strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
List price reflects a 9.50% cap rate based on NOI of $116,550.
Investment highlights
- 10 Year NN Lease Requiring Minimal Landlord Responsibilities
- 7.75 Years Remaining on Primary Term
- 2023 BTS Construction | Opened in December 2023
- Four (5 Year) Options | $0.50 PSF Rental Rate Increase
- Across From a Casey's & Gas Station
- Corporate Guaranty
- 4,414 Cars Per Day on 2nd Avenue
- 3 Points of Ingress/Egress | Accessible from 1st & 2nd Avenue
- 3 Mile Average Household Income $74,225
- 10 Mile Population 5,802
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