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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29494429
29494430

7320 US-421, McKee, KY 40447

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews
$1,491,273
125 days on market
Updated 72 days ago

Family Dollar

Details
Property Type Retail
Sub Type Dollar Store
Square Footage 9,373
Cap Rate 7.70%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Lease Expiration 02/01/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $159
Year Built 2015
Buildings 1
Stories 1
Acreage 1.040
Ownership Fee Simple

ABS NNN | Corporate Family Dollar

Investment highlights

  • Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.

  • Attractive Increase Schedule - 10% rental increases in each of the four, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.

  • Lack of competition - This is the only Family Dollar location in a 20-mile radius of the property. This benefits an owner by having less competition of necessity shopping within a large radius.

  • Corporate Tenant - The lease of the subject property is a corporate store. Family Dollar operates at over 7,500+ locations throughout the country. Family Dollar was recently acquired by Brigade Capital and Macellum Capital Management for $1.01 Billion.

  • Essential Retail - Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.

    • These locations can be less susceptible to e-commerce disruption relative to non-essentials retail.

  • Recession Resistant Tenant - Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.

    • Dollar store tenants often see consistent traffic due to price-sensitive consumer demographics.

  • US HWY 421 - The subject property is located directly off the US Hwy 421 which is a major highway that connects many southern Kentucky cities to Lexington. This benefits an owner by owning a property on a highway which will increase visibility.

Listing Contacts

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
221925, 239410 (KY)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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