Listed by Northmarq - Chicago
$1,339,943
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,320
Cap Rate 8.75%
NOI $117,245
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Net
Lease Term 15
Lease Expiration 06/30/2029
Remaining Term 2.9
Lease Options 6 x 5 Years
Price per SqFt $161
Year Built 2014
Buildings 1
Acreage 1.000
Investment Type Net Lease
Lease Commencement 07/01/2014
Retail | 8.75% CAP | 8,320 SqFt
Marketing description
Northmarq is pleased to present a rare opportunity to acquire a retail property located at 105 Business 141 N Cty B, Coleman, WI 54112 (the “Property”). The Property consists of approximately 8,320 square feet of retail in an attractive, newer built building sitting on a 1.00 acre parcel. Family Dollar is operating under an original 15-year absolute net lease with 3.5 years of lease term remaining.
Investment highlights
Absolute Net Lease
Established Retailer with Private-Equity Backing
Corporate Guaranty
Central Coleman Location
Prominent Corner Lot with Excellent Visibility
Proximity to Local Schools
Synergy with Neighboring Retailers
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,245.00
$9,770.42/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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