Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,342,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 16,388
Cap Rate 7.75%
NOI $181,543
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 17
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options 2, 5 Year Options Remaining
Price per SqFt $143
Year Built 2013
Acreage 1.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2013
#1 Family Dollar in 15 Miles | 7.75% CAP | 16,388 SqFt
Marketing description
As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices.
Waterbury, Connecticut, known historically as the “Brass City,” is located in the western part of New Haven County, along the Naugatuck River in the central Naugatuck Valley region. It sits about 33 miles southwest of Hartford and roughly 77 miles northeast of New York City, making it part of the greater New York metropolitan area.
Investment highlights
- ±Four Years Remaining on Primary Lease Term - Corporate Family Dollar Guarantee
- Multiple Renewal Options With Rent Increases
- Conveniently Located in the Heart of Downtown Waterbury - Densely Populated Trade Area with Nearly 27,000 Residents within a One-Mile Radius
- One Mile Off Interstate 84 (±124,000 Cars per Day), a Significant Connector Providing a Direct Route to Hartford
- Dense Retail Corridor Location Surrounded by National Tenants: The Home Depot, Petco, DICK’S Sporting Goods, Chili’s, and More
- Average Household Income Exceeds $88,000 within a Five-Mile Radius
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$181,543.00
$15,128.58/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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