Listed by APEX Commercial Real Estate Advisors
$521,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,000
Net Rentable (SqFt) 8,000
Cap Rate 9%
NOI $46,891
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 30
Lease Expiration 12/31/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options Four, Five Years Options
Price per SqFt $65
Broker Co-Op Yes
Year Built 1999
Acreage 1.000
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/01/2000
Occupancy Date 01/01/2000
Ownership Fee Simple
25+ Years of Occupancy | Retail | 9.00% CAP | 8,000 SqFt
Investment highlights
Family Dollar has Occupied this Space Since 1999 & Recently Exercised Their Option to Renew the Lease - Showing Long Term Commitment to the Location
Priced Well-Below Replacement Cost at $65 PSF
Low Rent Per Square Foot of $6.20 | Low Cost of Occupancy
Located Right outside of the Downtown Market
Strong Road Frontage on US 32
Listing Contacts
Listed by APEX Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,891.00
$3,907.58/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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