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Family Dollar | Strong Store Sales

240 Market St, Keenesburg (Denver MSA), CO 80643

Listing Price: $1,162,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
8,122
Lease Type
Double Net
Rent Per Square Feet
$12.87

Investment Overview

STRONG STORE SALES & HEALTHY RENT TO SALES RATIO
• This property has above average store sales and a lower rent which equates to a healthy rent to sales ratio.
• Reach out to listing agent for sales details.

LOW RENT & PRICE POINT
• The subject property has a low rent which equates to a low price point of $1,162,000

AFFULENT MARKET IN THE DENVER MSA | CAPITAL OF CO
• Keenesburg is located about 40 minutes northeast of downtown Denver and is a part of the MSA.
• Keenesburg is an affluent market with a 5 mile average household income of $96,709 which is superior to most Family Dollar locations.
• The 5 mile population growth is 13.41%
• Denver is the capital and the most populated city of Colorado and has seen a 19.22% increase in population growth since 2010.
• The Denver MSA has a gross metropolitan product of $157.6 billion in 2010, making it the 18th largest metro economy in the United States.

INTERSTATE LOCATION (14,000 VPD)
• This Family Dollar is located on Interstate 76 (14,000 VPD). I-76 connects this Keenesburg directly to downtown Denver.

CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2012 and recently extended the lease for an additional 5 years.
• Family Dollar exercised their first option period in October 2022 which extended the lease through September 2027.
• There are 3.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension speaks to Family Dollars confidence and dedication to this market & location.
• Tenant is responsible for parking lot (repairs = $2,000 annually), taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $2,000)
• There are 10% rent increases in each of the remaining five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P
investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Investment Highlights

  • Strong Store Sales & Healthy Rent To Sales Ratio
  • Low Rent & Price Point
  • Attractive 9.00% Return
  • Denver MSA Capital Of Colorado
  • Investment Grade Tenant
  • Additional Locations Available Upon Request

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Discount

Family Dollar | Strong Store Sales

Listing Price: $1,162,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
8,122
Lease Type
Double Net
Rent Per Square Feet
$12.87

Investment Highlights

  • Strong Store Sales & Healthy Rent To Sales Ratio
  • Low Rent & Price Point
  • Attractive 9.00% Return
  • Denver MSA Capital Of Colorado
  • Investment Grade Tenant
  • Additional Locations Available Upon Request

Investment Overview

STRONG STORE SALES & HEALTHY RENT TO SALES RATIO • This property has above average store sales and a lower rent which equates to a healthy rent to sales ratio. • Reach out to listing agent for sales details. LOW RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1,162,000 AFFULENT MARKET IN THE DENVER MSA | CAPITAL OF CO • Keenesburg is located about 40 minutes northeast of downtown Denver and is a part of the MSA. • Keenesburg is an affluent market with a 5 mile average household income of $96,709 which is superior to most Family Dollar locations. • The 5 mile population growth is 13.41% • Denver is the capital and the most populated city of Colorado and has seen a 19.22% increase in population growth since 2010. • The Denver MSA has a gross metropolitan product of $157.6 billion in 2010, making it the 18th largest metro economy in the United States. INTERSTATE LOCATION (14,000 VPD) • This Family Dollar is located on Interstate 76 (14,000 VPD). I-76 connects this Keenesburg directly to downtown Denver. CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2012 and recently extended the lease for an additional 5 years. • Family Dollar exercised their first option period in October 2022 which extended the lease through September 2027. • There are 3.5 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension speaks to Family Dollars confidence and dedication to this market & location. • Tenant is responsible for parking lot (repairs = $2,000 annually), taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $2,000) • There are 10% rent increases in each of the remaining five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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