Listed by Northmarq - Chicago
$1,158,176
Family Dollar
Details
APN 00800107408
Property Type Retail
Square Footage 8,359
Units 1
Cap Rate 8.5%
NOI $98,445
Tenancy Single
Brand/Tenant Family Dollar
Lease Term 15
Lease Expiration 03/31/2031
Remaining Term 4.7
Lease Options 6 x 5 year - Automatic extensions unless Tenant cancels
Stories 1
Acreage 0.900
Lease Commencement 04/01/2016
Ground Lease No
Absolute Net Lease | 2015 Build-to-Suit Construction | Nationally Recognized Tenant
Marketing description
Northmarq is pleased to present Family Dollar, a 8,359 SF asset located at 1069 Jackson Pike, Gallipolis, OH 45631. The property is offered at $1,158,176, representing a 8.50% cap rate on current NOI of $98,445. The asset is leased to Family Dollar with 4+ years of term remaining. The property benefits from established Jackson Pike retail corridor.
Investment highlights
- Absolute NNN Lease with Zero Landlord Responsibilities
- Nationally Recognized Discount Retailer Under New Owenership
- Build-To-Suit Construction for the Tenant
- Established Jackson Pike Retail Corridor
- Essential, Value-Oriented Retail in a Rural Trade Area
- Favorable Automatic Renewal Structure
Listing Contacts
Listed by Northmarq - Chicago
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
$98,445.00
$8,203.75/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
