Listed by Bull Realty
$4,577,134
Family Dollar 3 Property Portfolio
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 31,500
Cap Rate 8.20%
NOI $375,375
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN+
Lease Term 10
Remaining Term 7
Rent Bumps Yes
Lease Options 4 and 5 year renewals
Pro-Forma NOI $375,375
Price per SqFt $145
Year Built 2023
Year Renovated 2022,2023
Acreage 5.660
Zoning Commercial
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition 1031 exchange
Family Dollar 3 Property Portfolio | 8.2% Cap Rate
Marketing description
Tennessee Broker of Record:
Bull Realty
Michael Bull
404-876-1640
TN License # 339898
Kentucky Broker of Record:
TRIO Commercial Property Group
Justin Baker
502-454-0911
KY License # 204053
Investment highlights
- Push the “easy button” with this Family Dollar portfolio serving KY and TN areas with limited grocery and consumer options.
- Family Dollar is a highly regarded value-based retailer that thrives in all economic times.
- Proven locations that were not impacted by new corporate ownership or closures.
- Average 10-mile population for these locations is over 15,800.
- Minimal landlord responsibilities with recent 2023 & 2024 construction and NN+ leases.
- Corporate guaranteed by experienced private equity firms that own discount retailers including Kohl’s, Big Lots, and Bed Bath & Beyond.
- Motivated seller will consider selling locations separately.
- NN+ leases with recent 2023 and 2024 construction.
- Family Dollar is a value-based retailer that thrives in all economic times.
- Minimal Landlord responsibilities: Roof, structure, and parking lot (CAPX only).
- Renewal options: 4 or 5 five-year options (depending upon location) with .50/SF rent increases in each option period.
- Properties can be purchased separately - inquire with broker
Listing Contacts
Listed by Bull Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,375.00
$31,281.25/mo
Valuation Metrics
0
DSCR
8.2%
Cap Rate
8.2%
ROI
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