Discount
Family Dollar Abs. Net
30408 Mt Vernon Rd, Princess Anne, MD 21853
Listing Price: $1,913,081
Investment Overview
Marcus & Millichap of St. Louis is pleased to present the Family Dollar opportunity to your clients and prospects. This property was built in 2016 and signed a rare 16 year term w/ six (5-yr) options and 10% rent increases every 5 years and throughout the option periods.
The next rental increase is on April 1, 2027 and presents the new owner with a blended rate of return of 7.17% at the given price thru 3/31/2032. The Lease is guaranteed by Family Dollar and absolute in nature. There are no Landlord responsibilities throughout the Term of the Lease.
Two Major Points to consider when discussing with clients:
1) This is the ONLY Family Dollar in Princess Anne, MD. The next closest store is 12+ miles to the North 16+ miles to the South.
2) The Dollar Tree across the street from Subject was built in 1998, sits on 0.47 acres, and is only 7,180 sqft. For comparison, the Subject Property is newer (2016), larger (8,400 sqft), and has more property (0.81 acres).
Family Dollar Abs. Net
Investment Highlights
- Rare 16 Yr Primary Term | 8 Years Remaining | Absolute Net Lease
- Strong Corp. Guaranty | NASDAQ: DLTR | Moody's "BBB"
- 10% Rent Bump on 4/1/27 & in each of the Six Options
- Located at major intersection of town (US Hwy 13/Mt. Vernon Rd)
- University of Maryland Eastern Shore is less than 1 mile away
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,913,081
Investment Highlights
- Rare 16 Yr Primary Term | 8 Years Remaining | Absolute Net Lease
- Strong Corp. Guaranty | NASDAQ: DLTR | Moody's "BBB"
- 10% Rent Bump on 4/1/27 & in each of the Six Options
- Located at major intersection of town (US Hwy 13/Mt. Vernon Rd)
- University of Maryland Eastern Shore is less than 1 mile away
Investment Overview
Marcus & Millichap of St. Louis is pleased to present the Family Dollar opportunity to your clients and prospects. This property was built in 2016 and signed a rare 16 year term w/ six (5-yr) options and 10% rent increases every 5 years and throughout the option periods. The next rental increase is on April 1, 2027 and presents the new owner with a blended rate of return of 7.17% at the given price thru 3/31/2032. The Lease is guaranteed by Family Dollar and absolute in nature. There are no Landlord responsibilities throughout the Term of the Lease. Two Major Points to consider when discussing with clients: 1) This is the ONLY Family Dollar in Princess Anne, MD. The next closest store is 12+ miles to the North 16+ miles to the South. 2) The Dollar Tree across the street from Subject was built in 1998, sits on 0.47 acres, and is only 7,180 sqft. For comparison, the Subject Property is newer (2016), larger (8,400 sqft), and has more property (0.81 acres).
Exclusively Listed By
Broker of Record
Financing By
