Listed by Franklin Street Atlanta
$975,000
Family Dollar Strip -Top Tier Sales
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,380
Cap Rate 8.30%
NOI $80,963
Occupancy 100%
Tenancy Multi
Brand/Tenant Family Dollar
Lease Type NN+
Lease Expiration 12/30/2038
Remaining Term 12.6
Price per SqFt $104
Year Built 1998
Acreage 1.130
Extended 13 Yr FD Lease | Near Augusta GA
Marketing description
Franklin Street is pleased to present this Family Dollar strip in Lincolnton, Georgia. Lincolnton is located about 30 miles from Augusta and is the county seat of Lincoln County. The town's proximity to the nearby Savannah River and Clark's Hill Lake make it an important retail hub for visitors. Lincolnton is home to the county school system, with a combined 658 students between its Middle and High Schools. Family Dollar is well situated on the corner of Elm Street and May Avenue, which sees over 5,000 VPD. Family Dollar is one of the nation's leading discount retailers, with over 8,000 locations across the country. The immediate trade area has a healthy mix of national tenants including BP, Hardee's, Dollar General, the US Postal Office, and Texaco. Family Dollar recently extended their lease 10 additional years to 13+ years remaining, which showcases their strong commitment to this site. Family Dollar is very close to hitting their percentage rent breakpoint, allowing for additional future rental income. The 1,400 SF small shop space is occupied by a local vape shop and is leased at a below market rate of $8.57 PSF gross, allow for future potential rental upside.
Investment highlights
- 25+ Year operating Family Dollar with multiple options exercised and recent 10 Year extension giving them 13 Years of firm term remaining
- Very Strong Store Metrics: $2.35M in Sales
- Proximity to Savannah River and Clark's Hill Lake allow the site to capture outside visitors
- Smaller mix of national tenants and no grocer options allow for Family Dollar to dominate immediate market
- Below market rents allowing for future upside
- Center of town location that out positions Dollar General
Listing Contacts
Listed by Franklin Street Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,963.00
$6,746.92/mo
Valuation Metrics
0
DSCR
8.3%
Cap Rate
8.3%
ROI
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