Listed by SURMOUNT
$2,115,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,320
Cap Rate 7.35%
NOI $155,411
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Term 15
Lease Expiration 06/30/2031
Remaining Term 5
Price per SqFt $254
Year Built 2016
Acreage 1.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2016
Ownership Fee Simple
Retail | 7.35% CAP | 8,320 SqFt
Marketing description
Surmount is pleased to present the Broker Opinion of Value for a Family Dollar located at 4226 Washington Road, Atlanta, GA 30344. The site consists of roughly 8,320 rentable square feet of building space on an estimated 1.55-acre parcel of land. This Family Dollar is subject to a 15-year Triple Net (NNN) lease, which commenced 7/1/2016. The current annual rent is $155,411 and has scheduled increases of 10.00% in year 11 and through option periods.
Investment highlights
- 5+ Year NNN Lease | Lease begins July 2016 with zero landlord responsibilities, offering passive income backed by a corporate tenant and strong fundamentals.
- Corporate Guarantee | Lease is backed by Family Dollar Stores of Georgia, Inc., ensuring secure, long-term income from a nationally recognized Family Dollar operator.
- 10% Rental Bumps at Options | Six (6) five-year renewal options feature 10% rent increases at the start of each period, providing significant built-in income growth.
- Attractive 7.35% Cap Rate | Priced at a compelling 7.35% cap rate with upside potential due to low rent of just $18.68/SF in a high-demand Atlanta submarket.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,411.00
$12,950.92/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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