Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
$1,097,000
Family Dollar
Details
APN 027-01-109-07-000, 027-01-109-06-000, 027-01-071-01-000, 027-01-071-02-000, 027-01-109-05-000
Property Type Retail
Sub Type Storefront
Square Footage 8,008
Cap Rate 7.5%
NOI $82,280
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 15.5
Lease Expiration 06/30/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options 4 (5-year) automatic renewal options with 10% rental increases
Year Built 2004
Acreage 0.770
Zoning B-1: Neighborhood Business
Parking Spaces 31 spaces
Parking Per SqFt 3.87
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2014
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 7.50% CAP | 8,008 SqFt
Investment highlights
- The tenant, Family Dollar Stores of Ohio, Inc., has approximately 3 years remaining on the current lease scheduled to expire on June 30, 2029
- The lease features four (5-year) automatic renewal options, each with 10% rental increases, providing steady NOI growth and a hedge against inflation
- The store has been operating at this location since 2004, demonstrating long-term site viability and tenant commitment
- Tenant is responsible for taxes, insurance, utilities, and general/interior maintenance
- Landlord retains responsibility for roof, structure, and parking areas
- The property offers a low-management investment profile with defined landlord obligations
- The subject property is strategically positioned along Lexington Avenue (11,600 VPD), a primary north-south corridor providing direct access into downtown Mansfield
- The site benefits from excellent visibility, street frontage, and convenient ingress/egress, supporting consistent customer traffic
- Surrounding national and regional retailers include Marathon, Advance Auto Parts, and other service-oriented tenants, reinforcing the area's retail presence
- More than 72,500 residents and 40,700 employees support the trade area
- $67,051 average household income
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,280.00
$6,856.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
