Family Dollar | 10.0% CAP | 8,320 SF
Family Dollar - Viper, KY
Marketing description
Family Dollar
8709 Kentucky Hwy 7 Viper, KY 41775
1) large concrete parking lot with virtually zero maintenance
2) Dollar Tree (NASDAQ; DLTR) is a $26.32B revenue company with an investment grade (S&P: BBB) credit rating
3) geographically protected from competition
***This Property has common ownership with J.P. King.***
J. P. King Auction Co., Inc. (Agent) and Seller have common shareholders.
Investment highlights
Financial Summary
Price: $1,027,184
Cap Rate: 9.5%
Building Size: 8,320 SF
Net Cash Flow: $97,582
Year Build/Renovated: 2018
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar
Guarantor: Family Dollar Stores
Roof & Structure: Landlord Responsible
Lease Commencement Date: April 3, 2018
Lease Expiration Date: March 31, 2029
Lease Term: 10
Years Rental Increases: $.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
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