Listed by Creek Price Edwards
$1,415,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,320
Units 1
Cap Rate 6.01%
NOI $85,000
Tenancy Single
Lease Type NNN
Lease Expiration 03/31/2029
Price per SqFt $170
Year Built 2020
Acreage 0.900
Zoning C-3
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 6.01% CAP | 8,320 SqFt
Marketing description
This Family Dollar was built in 2020 and makes up 8,320 SF. Listed as a NNN investment sale, the lease term runs through 3/31/2029. Family Dollar has six renewal options with five year terms per renewal. Each option consists of rental increases. The location itself is densely populated and boasts traffic counts of over 32,500 VPD.
Investment highlights
- Built in 2020
- Corporate Lease Guarantee
- High Traffic Counts
- Tenant responsible for CAM, Taxes, and Insurance
- Cap Rate of 6%
Listing Contacts
Listed by Creek Price Edwards
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,000.00
$7,083.33/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
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