Discount
Family Dollar
1199 Hypoluxo Road, Lantana, FL 33462
Listing Price: $2,786,610
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.
Listing Price: $2,786,610
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.
