Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Birmingham
$998,000
Family Dollar
Details
APN 0836 0131 002
Property Type Retail
Sub Type Storefront
Square Footage 9,241
Cap Rate 8%
NOI $79,833
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 27.4
Lease Expiration 06/30/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options 2 (5-year)
Price per SqFt $108
Year Built 2003
Acreage 1.120
Zoning C-2: Limited Commercial
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2003
Ground Lease No
Ownership Fee Simple (Land & Building)
Retail | 8.00% CAP | 9,241 SqFt
Investment highlights
Approx. 4.5 Years Remaining | Recent Lease Extension | Scheduled Rental Increases
NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities | Value-Add Opportunity
Positioned Along Signalized Intersection | Surrounded by National Retailers
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Birmingham
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,833.00
$6,652.75/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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