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Family Dollar | Interstate Location

640 Humboldt Ave, Wells, NV 89835

Listing Price: $1,088,800

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
8,028
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Overview

LOWER RENT & PRICE POINT
• The subject property has a lower rent which equates to a lower price point of $1,088,000.

INTERSTATE LOCATION
• This Family Dollar is located directly off Interstate 80 in Wells, NV. Wells is located in the northeast corner of the state.
• I-80 is a major east-west interstate that connects Wells to Reno, NV.
• Wells High school and elementary school is less than half a mile from this Family Dollar.
• Wells Municipal Airport is located 3 miles from this Family Dollar.

NEVADA IS A TAX FREE STATE
• Nevada is one of nine income tax free states.

CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2012 and extended the lease for an additional 5 years.
• Family Dollar exercised their first option period in April 2022 which extended the lease through March 2027.
• There are 3 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension speaks to Family Dollar's confidence and dedication to this market & location.
• Tenant is responsible for Parking Lot Restriping, Landscaping, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Parking Lot, 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
  • Interstate Location
  • Nevada Is A Tax Free State
  • Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant

Exclusively Listed By

  • Dustin R. Alvino

    Senior Vice President Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Financing By

Discount

Family Dollar | Interstate Location

Listing Price: $1,088,800

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
8,028
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Highlights

  • Lower Rent & Price Point
  • Interstate Location
  • Nevada Is A Tax Free State
  • Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant

Investment Overview

LOWER RENT & PRICE POINT • The subject property has a lower rent which equates to a lower price point of $1,088,000. INTERSTATE LOCATION • This Family Dollar is located directly off Interstate 80 in Wells, NV. Wells is located in the northeast corner of the state. • I-80 is a major east-west interstate that connects Wells to Reno, NV. • Wells High school and elementary school is less than half a mile from this Family Dollar. • Wells Municipal Airport is located 3 miles from this Family Dollar. NEVADA IS A TAX FREE STATE • Nevada is one of nine income tax free states. CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2012 and extended the lease for an additional 5 years. • Family Dollar exercised their first option period in April 2022 which extended the lease through March 2027. • There are 3 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension speaks to Family Dollar's confidence and dedication to this market & location. • Tenant is responsible for Parking Lot Restriping, Landscaping, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Parking Lot, 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

Exclusively Listed By

  • Dustin R. Alvino

    Senior Vice President Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

Financing By

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