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Family Dollar

1199 Hypoluxo Road, Lantana, FL 33462

Listing Price: $2,786,610

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.2
Gross SF
9,200
Guarantor
Corporate Guarantee
Rentable SF
9,200
Price/Gross SF
$302.89
Lease Type
Double Net
Rent Per Square Feet
$16.52

Investment Overview

Marcus and Millichap as exclusive advisor is proud to present the Family Dollar in Lantana, FL. The property benefits from being in Palm Beach County just 1 mile from Interstate 95 to the east on Hypoluxo Rd. Family Dollar has recently extended the lease by an additional five years with a 10% rent escalation coming up on August 1, 2023. There are an additional 5 options to extend the lease with 10% bumps in each option. The corporately property was recently built in 2013 and is in excellent condition. The building is positioned on the north side of Hypoluxo on a corner with excellent exposure.

Investment Highlights

  • Corporate Guarantee
  • New Five Year Extension
  • Upcoming rent escalation August 1st
  • Newer Roof with Warranty
  • Double-Net Lease | Minimal Landlord Expenses
  • Leading National Discount Retailer
  • Recession Proof Tenant
  • Essential Business Operator

Exclusively Listed By

Financing By

Discount

Family Dollar

Listing Price: $2,786,610

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.2
Gross SF
9,200
Guarantor
Corporate Guarantee
Rentable SF
9,200
Price/Gross SF
$302.89
Lease Type
Double Net
Rent Per Square Feet
$16.52

Investment Highlights

  • Corporate Guarantee
  • New Five Year Extension
  • Upcoming rent escalation August 1st
  • Newer Roof with Warranty
  • Double-Net Lease | Minimal Landlord Expenses
  • Leading National Discount Retailer
  • Recession Proof Tenant
  • Essential Business Operator

Investment Overview

Marcus and Millichap as exclusive advisor is proud to present the Family Dollar in Lantana, FL. The property benefits from being in Palm Beach County just 1 mile from Interstate 95 to the east on Hypoluxo Rd. Family Dollar has recently extended the lease by an additional five years with a 10% rent escalation coming up on August 1, 2023. There are an additional 5 options to extend the lease with 10% bumps in each option. The corporately property was recently built in 2013 and is in excellent condition. The building is positioned on the north side of Hypoluxo on a corner with excellent exposure.

Exclusively Listed By

Financing By

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