Listed by J. P. King Auction Company
$778,151
Family Dollar - Brodhead, KY
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 10,503
Cap Rate 10.00%
NOI $77,815
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree, Family Dollar
Lease Type NN+
Lease Expiration 03/31/2030
Remaining Term 3.8
Buildings 1
Stories 1
Investment Type Net Lease
Lease Commencement 08/13/2019
Retail | 10% CAP | 10,503 SF
Marketing description
Family Dollar
745 S Main St, Brodhead, KY 40409
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
J. P. King Auction Co., Inc. (Agent) and Seller have common shareholders.
Investment highlights
Financial Summary
Price: $778,151
Cap Rate: 10%
Building Size: 10,503 SF
Net Cash Flow: $77,815
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar
Guarantor: Family Dollar Stores
Roof & Structure: Landlord Responsible
Lease Commencement Date: Aug. 13, 2019
Lease Expiration Date: March 31, 2030
Lease Term: 10
Years Rental Increases: $.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
Listing Contacts
Listed by J. P. King Auction Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,815.00
$6,484.58/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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