Listed by Matthews
$1,051,429
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 11,180
Cap Rate 8.75%
NOI $92,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 12
Lease Expiration 05/31/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options (2), 5-Year Options
Price per SqFt $94
Year Built 1997
Buildings 1
Stories 1
Acreage 1.100
Investment Type Net Lease
Lease Commencement 06/01/2019
Ownership Fee Simple
Early Lease Renewal | Strategic Location | Nearby Traffic Drivers
Investment highlights
- Early Lease Renewal: Family Dollar recently elected to extend one of their lease options early, showing significant long-term commitment to the site and the Zanesville market.
- Strategic Location: The subject property is positioned on Maple Avenue, Zanesville’s busiest north-south thoroughfare, benefiting from exposure to over 24,000 vehicles per day and immediate proximity to major national anchors including Walmart Supercenter, Sam’s Club, Home Depot, and Colony Square Mall.
- Nearby Traffic Drivers: The site is ideally positioned within a mile of the region’s largest employer, Genesis Hospital, providing access to over 4,400 healthcare professionals driving shift-change traffic in the area.
- National Reach: Family Dollar is a nationally recognized discount store operator with over 7,300 locations, providing investors with a reliable, corporate tenant.
- Recession Resistant Concept: Family Dollar’s discount store model performs well in all economic cycles, driven by consistent consumer demand for value-oriented daily necessities.
- Private Equity Support: The Family Dollar brand was recently acquired by private equity firms in a ~$1.0B transaction who aim to revamp the brand and cement Family Dollar as a household name in the discount retail sector.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,000.00
$7,666.67/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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