Listed by Marcus & Millichap - Atlanta
$886,000
Family Dollar @ Wichita State University | 10% Cap
Details
APN 00191516
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 8,320
Units 1
Cap Rate 8.10%
NOI $88,592
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Term 16.6
Lease Expiration 09/29/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options 6, 5-Year Options
Year Built 2012
Stories 1
Acreage 0.650
Lease Commencement 03/11/2012
Ground Lease No
Sale Condition 1031 exchange
2+ Years Remaining | Good Store Sales
Marketing description
FAMILY DOLLAR
• FAMILY DOLLAR RECENTLY PURCHASED FOR $1 BILLION
• 8,000+ FAMILY DOLLAR LOCATIONS
• NATIONAL BRAND COMPANY
• $13 BILLION IN REVENUE IN 2025
Investment highlights
PROPERTY HIGHLIGHTS
• STRONG 10% CAP RATE | JUST $886,000
• STRONG PERFORMING STORE PER PLACER.AI | #2 OUT OF 10 IN 15-MILE RADIUS
• 2+ YEARS REMAINING
• JUST 1 MILE TO WICHITA STATE UNIVERSITY | 18,000+ STUDENTS
• COMBINED 30,000+ VEHICLES PER DAY AT THE INTERSECTION
• DENSE POPULATION OF 200,000+ IN 5-MILE RADIUS
• LOW BASE RENT OF JUST $10.65 PER SQUARE FOOT
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,592.00
$7,382.67/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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