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Family Dollar | Low Rent & Price Point

2256 Alta Dr, Alderson, WV 24910

Listing Price: $987,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$11.10

Investment Overview

LOWER RENT & PRICE POINT
• This Family Dollar has a lower rent which equates to a lower price point of under $1M.

NEAR LEWISBURG, WV | COUNTY SEAT
• The subject property is located 12 miles west of Lewisburg off Hwy 63.
• Lewisburg is the county seat of Greenbrier county and benefits from government jobs and growth.
• The WV State Fair is hosted in Lewisburg and had 170,000 visitors in 2022.
• National Retailers in Lewisburg include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more.
• Home to Greenbrier Valley Medical Center (122 beds) with 450 employees and 200 physicians.

RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2013 and recently extended the lease for an additional 5 years.
• Family Dollar exercised their first option period in April 2023 which extended the lease through March 2028.
• There are 4 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, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which only include Roof & Structure.
• There are 10% rent increases in each of the remaining four, 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

  • Lower Rent & Price Point
  • Near Lewisburg, WV | County Seat
  • Recently Extended Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WVB240300978

    West Virginia

Financing By

Discount

Family Dollar | Low Rent & Price Point

Listing Price: $987,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$11.10

Investment Highlights

  • Lower Rent & Price Point
  • Near Lewisburg, WV | County Seat
  • Recently Extended Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant

Investment Overview

LOWER RENT & PRICE POINT • This Family Dollar has a lower rent which equates to a lower price point of under $1M. NEAR LEWISBURG, WV | COUNTY SEAT • The subject property is located 12 miles west of Lewisburg off Hwy 63. • Lewisburg is the county seat of Greenbrier county and benefits from government jobs and growth. • The WV State Fair is hosted in Lewisburg and had 170,000 visitors in 2022. • National Retailers in Lewisburg include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more. • Home to Greenbrier Valley Medical Center (122 beds) with 450 employees and 200 physicians. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2013 and recently extended the lease for an additional 5 years. • Family Dollar exercised their first option period in April 2023 which extended the lease through March 2028. • There are 4 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, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which only include Roof & Structure. • There are 10% rent increases in each of the remaining four, 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

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WVB240300978

    West Virginia

Financing By

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