Listed by Marcus & Millichap - Atlanta, Marcus & Millichap - Fort Worth
$950,000
Family Dollar Tree | 11% Cap
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 10,500
Net Rentable (SqFt) 10,500
Cap Rate 11.06%
NOI $105,105
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Term 10.2
Lease Expiration 02/28/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $90
Broker Co-Op Yes
Year Built 2022
Acreage 0.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/07/2022
Occupancy Date 12/07/2022
Retail | 11.06% CAP | 10,500 SqFt
Marketing description
FAMILY DOLLAR
• FAMILY DOLLAR RECENTLY PURCHASED FOR $1 BILLION
• 7,000+ FAMILY DOLLAR LOCATIONS
• NATIONAL BRAND COMPANY
• NET SALES OF $13.25 BILLION IN 2024
Investment highlights
PROPERTY HIGHLIGHTS
• 7+ YEARS REMAINING ON 10-YEAR NN LEASE
• PRICED BELOW DEVELOPMENT BUDGET COSTS
• NEWER 2022 CONSTRUCTION
• STRONG 11% CAP RATE RETURN
Listing Contacts
Listed by Marcus & Millichap - Atlanta, Marcus & Millichap - Fort Worth
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,105.00
$8,758.75/mo
Valuation Metrics
0
DSCR
11.06%
Cap Rate
11.06%
ROI
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