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Family Dollar

507 N Sibley Ave, Litchfield, MN 55355

Listing Price: $466,000

Cap Rate
7.50%
Tenant Name
Family Dollar
Years Remaining On Lease
2.5
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$66.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.00

Investment Overview

This Family Dollar has a 26-year operating history, demonstrating a successful long-term historical occupancy. They have the original 10-year lease, with multiple extensions showing commitment to the site. Family Dollar signed a modified NNN lease, with the tenant being directly responsible for CAM & taxes. There is one, five-year renewal option remaining. Rent increases in the option period provides hedge against inflation. The location is only 41 miles from St. Cloud, MN and 70 miles away from Minneapolis, MN. The average household income within a 5-mile radius is $91,300. Dollar Tree, Family Dollar's parent company, is a publicly traded on the NASDAQ ("DLTR"), as well being S&P Rated "BBB-".

Investment Highlights

  • 26 Year Operating History ¦ Long-Term Historical Occupancy
  • Bite-Size Investment ¦ Priced Well Below Replacement Cost
  • Original 10-Year Lease ¦ Multiple Extensions Showing Commitment to the Site
  • Modified Triple Net Lease | Tenant Directly Responsible for CAM & Taxes | Minimal Landlord Responsibilities
  • One, Five-Year Renewal Options | Rent Increases in Option Period Providing for Hedge Against Inflation
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
  • Located Only 41 Miles from St. Cloud and 70 Miles Away from Minneapolis
  • Average Household Income of $91,300 within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $466,000

Cap Rate
7.50%
Tenant Name
Family Dollar
Years Remaining On Lease
2.5
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$66.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.00

Investment Highlights

  • 26 Year Operating History ¦ Long-Term Historical Occupancy
  • Bite-Size Investment ¦ Priced Well Below Replacement Cost
  • Original 10-Year Lease ¦ Multiple Extensions Showing Commitment to the Site
  • Modified Triple Net Lease | Tenant Directly Responsible for CAM & Taxes | Minimal Landlord Responsibilities
  • One, Five-Year Renewal Options | Rent Increases in Option Period Providing for Hedge Against Inflation
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
  • Located Only 41 Miles from St. Cloud and 70 Miles Away from Minneapolis
  • Average Household Income of $91,300 within a Five-Mile Radius

Investment Overview

This Family Dollar has a 26-year operating history, demonstrating a successful long-term historical occupancy. They have the original 10-year lease, with multiple extensions showing commitment to the site. Family Dollar signed a modified NNN lease, with the tenant being directly responsible for CAM & taxes. There is one, five-year renewal option remaining. Rent increases in the option period provides hedge against inflation. The location is only 41 miles from St. Cloud, MN and 70 miles away from Minneapolis, MN. The average household income within a 5-mile radius is $91,300. Dollar Tree, Family Dollar's parent company, is a publicly traded on the NASDAQ ("DLTR"), as well being S&P Rated "BBB-".

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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