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Family Dollar | Recent 10 Year Extension

2529 Houston Ave, Macon, GA 31206

Listing Price: $1,125,000

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$11.25

Investment Overview

SIGNALIZED INTERSECTION DIRECTLY OFF INTERSTATE 75 (78,100 VPD)
• Positioned at the signalized intersection of Highway 80 & Houston Ave with a combined 27,660 Vehicles per Day.
• The subject property is located directly off Interstate 75 (78,100 VPD). Interstate 75 is a major interstate in GA that connects Macon to downtown Atlanta.

2 MILES FROM MERCER UNIVERSITY (9,164 STUDENTS & 2,056 FACULTY MEMBERS)
• Mercer is the oldest private university in GA and has 9,164 students enrolled with 2,056 faculty members.
• The Princeton Review, in its 2018 "Best 382 Colleges" guide, ranks Mercer in the top 10% of all colleges and universities nationwide.
• Mercer University's final fall 2023 enrollment figures show the largest headcount in the history of the University with a record overall enrollment of 9,164 students. The student count continues to increase year over year.

NEAR PRIMARY RETAIL CORRIDOR IN MACON
• The primary retail corridor in Macon is on Hwy 80 and only 2 miles from this Family Dollar.
• National Retailers in the corridor include Publix, Lowe’s Home Improvement, Home Depot, ALDI, Kroger and more.

9 YEAR CORPORATE LEASE WITH DOLLAR TREE | 22 YEAR OPERATING HISTORY
• Family Dollar has been operating successfully at this location since 2002 and signed a new 10 year lease extension in May 2023.
• There are 9 years remaining on the 10 year NN Corporate Lease with Dollar Tree.
• Tenant is responsible for parking lot resealing or restriping, Insurance, HVAC, Utilities, and pays for Taxes directly.
• There are limited Landlord responsibilities which include Roof, Structure and Parking Lot.
• The rent increases by 10% every 5 years in each of the four, 5-year option periods.

TRANSFERABLE ROOF WARRANTY
• There is a transferable roof warranty that is active until June 2036.
• The parking lot was resealed and restriped in April 2024.

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

  • Signalized Intersection Directly Off Interstate 75 (78,100 VPD)
  • 2 Miles From Mercer University (9,164 Students & 2,056 Faculty Members)
  • Near Primary Retail Corridor In Macon
  • 9 Year Corporate Lease With Dollar Tree | 22 Year Operating History
  • Transferable Roof Warranty
  • Investment Grade Tenant

Exclusively Listed By

Financing By

Discount

Family Dollar | Recent 10 Year Extension

Listing Price: $1,125,000

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$11.25

Investment Highlights

  • Signalized Intersection Directly Off Interstate 75 (78,100 VPD)
  • 2 Miles From Mercer University (9,164 Students & 2,056 Faculty Members)
  • Near Primary Retail Corridor In Macon
  • 9 Year Corporate Lease With Dollar Tree | 22 Year Operating History
  • Transferable Roof Warranty
  • Investment Grade Tenant

Investment Overview

SIGNALIZED INTERSECTION DIRECTLY OFF INTERSTATE 75 (78,100 VPD) • Positioned at the signalized intersection of Highway 80 & Houston Ave with a combined 27,660 Vehicles per Day. • The subject property is located directly off Interstate 75 (78,100 VPD). Interstate 75 is a major interstate in GA that connects Macon to downtown Atlanta. 2 MILES FROM MERCER UNIVERSITY (9,164 STUDENTS & 2,056 FACULTY MEMBERS) • Mercer is the oldest private university in GA and has 9,164 students enrolled with 2,056 faculty members. • The Princeton Review, in its 2018 "Best 382 Colleges" guide, ranks Mercer in the top 10% of all colleges and universities nationwide. • Mercer University's final fall 2023 enrollment figures show the largest headcount in the history of the University with a record overall enrollment of 9,164 students. The student count continues to increase year over year. NEAR PRIMARY RETAIL CORRIDOR IN MACON • The primary retail corridor in Macon is on Hwy 80 and only 2 miles from this Family Dollar. • National Retailers in the corridor include Publix, Lowe’s Home Improvement, Home Depot, ALDI, Kroger and more. 9 YEAR CORPORATE LEASE WITH DOLLAR TREE | 22 YEAR OPERATING HISTORY • Family Dollar has been operating successfully at this location since 2002 and signed a new 10 year lease extension in May 2023. • There are 9 years remaining on the 10 year NN Corporate Lease with Dollar Tree. • Tenant is responsible for parking lot resealing or restriping, Insurance, HVAC, Utilities, and pays for Taxes directly. • There are limited Landlord responsibilities which include Roof, Structure and Parking Lot. • The rent increases by 10% every 5 years in each of the four, 5-year option periods. TRANSFERABLE ROOF WARRANTY • There is a transferable roof warranty that is active until June 2036. • The parking lot was resealed and restriped in April 2024. 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.

Exclusively Listed By

Financing By

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