Listed by Matthews
$2,168,922
Family Dollar | ABS NNN | 217,925 Residents
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,137
Cap Rate 8.00%
NOI $173,514
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Expiration 09/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Six, 5-Year Options
Year Built 2018
Buildings 1
Acreage 1.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/21/2018
Ground Lease No
Ownership Fee Simple
Recently Extended Lease | 10 Years Remaining
Investment highlights
Lease and Location:
- 2018 build-to-suit construction for Family Dollar
- Absolute NNN lease with zero landlord responsibilities
- 10% rental increase in October 2028, and 8% increases in all six option periods
- Family Dollar recently extended the lease early, proving their long term commitment to the location
- Located on Main St and ±1 Mile from Downtown Springfield, MA
- ±5-mile population in excess of 227,108
- Nearby national tenants include Big Lots, Firestone, Chipotle, Dunkin Donuts, USPS, Taco Bell, and many more
- Corporately guaranteed lease from Family Dollar Corporation
Tenant
- Family Dollar was purchased in July 2025 by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co
- Family Dollar has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
- Family Dollar operates in over 8,000 locations across 46 states
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,513.76
$14,459.48/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
BUS-A CommercialGeneral CommercialGeneral Business
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View all 108 uses Last updated Jun 4, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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