Department Store
Relocation Family Dollar | H2 Renovation With New Roof in 2020 | High Traffic Area
1548 US-421, Harlan, KY 40831
Listing Price: $999,999
Cap Rate
7.91%
Tenant Name
Family Dollar
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
12,650
Lease Type
Double Net
Rent Per Square Feet
$6.25
Investment Overview
Marcus & Millichap is pleased to bring to market Family Dollar located in Harlan, KY.
Relocation Family Dollar | H2 Renovation With New Roof in 2020 | High Traffic Area
Investment Highlights
- Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | Larger Format Including Dollar Tree Branded Products
- New Roof Installed in 2020 With 20-Year Warranty | Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
- 4+ Years Remaining on Original 10-Year Double Net Lease | Minimal Landlord Responsibilities | Four, Five-Year Options with Rental Increases in Each | Potential for Long-Term Passive Income
- Essential Business Stays Open During COVID-19 | Investment Grade Credit Tenant | S&P Rating: BBB
- Family Dollar is Ranked #281 on the Fortune 500 list as of 2022 | Family Dollar has 8,000+ Stores as of 2022 | Dollar Tree Acquired Family Dollar in 2015 Bringing the Combined Store Count to 16,000+
- County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar's Core Customer Base
- Located on Main Corridor of US 421 with Over 17,500 Vehicles Per Day | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
- Major Tenants Nearby: Walmart, Food City, Goody's, Save A Lot, CVS, Hibbett Sports, Big Lots, McDonald's and More | Located Near Harlan ARH Hospital With 145 Beds
Department Store
Relocation Family Dollar | H2 Renovation With New Roof in 2020 | High Traffic Area
Listing Price: $999,999
Cap Rate
7.91%
Tenant Name
Family Dollar
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
12,650
Lease Type
Double Net
Rent Per Square Feet
$6.25
Investment Highlights
- Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | Larger Format Including Dollar Tree Branded Products
- New Roof Installed in 2020 With 20-Year Warranty | Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
- 4+ Years Remaining on Original 10-Year Double Net Lease | Minimal Landlord Responsibilities | Four, Five-Year Options with Rental Increases in Each | Potential for Long-Term Passive Income
- Essential Business Stays Open During COVID-19 | Investment Grade Credit Tenant | S&P Rating: BBB
- Family Dollar is Ranked #281 on the Fortune 500 list as of 2022 | Family Dollar has 8,000+ Stores as of 2022 | Dollar Tree Acquired Family Dollar in 2015 Bringing the Combined Store Count to 16,000+
- County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar's Core Customer Base
- Located on Main Corridor of US 421 with Over 17,500 Vehicles Per Day | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
- Major Tenants Nearby: Walmart, Food City, Goody's, Save A Lot, CVS, Hibbett Sports, Big Lots, McDonald's and More | Located Near Harlan ARH Hospital With 145 Beds
Investment Overview
Marcus & Millichap is pleased to bring to market Family Dollar located in Harlan, KY.
