Listed by Matthews
$2,900,000
Family Dollar
Details
Property Type Retail
Sub Type Storefront
Square Footage 14,490
Cap Rate 10.55%
NOI $306,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Remaining Term 4
Price per SqFt $200
Class A
Year Built 2005
Buildings 1
Stories 1
Acreage 2.430
Ground Lease No
Retail |10.55% Cap Rate | 14,490 SqFt | $2,900,000
Marketing description
- Strong Credit | 6-Year Family Dollar History – Lease guaranteed by Walgreens, providing strong corporate credit. The property has been continuously operating as a Family Dollar since 2019, demonstrating stable occupancy and a proven site for the tenant.
- Attractive Going-In Yield – Offered at a 10.55% cap rate with an asking price of $2.9 million, delivering compelling cash flow relative to comparable net-leased opportunities.
- Near-Term Lease with Optionality – Approximately 4 years of remaining term, offering in-place income today with future flexibility for repositioning, redevelopment, or re-tenanting.
- High-Traffic Retail Corridor – Situated along a primary retail artery with 35,200 vehicles per day, delivering strong visibility and consistent consumer exposure. Store foot traffic ranks in the top half of the chain’s national portfolio, demonstrating solid unit-level performance.
- Solid Population Base – Over 11,400 residents within one mile and nearly 94,000 within five miles. The trade area has grown 3.9% over the past five years, supporting long-term retail demand.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$306,000.00
$25,500.00/mo
Valuation Metrics
0
DSCR
10.55%
Cap Rate
10.55%
ROI
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