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Discount

Family Dollar | Interstate Location

7492 US-9, Elizabethtown, NY 12932

Listing Price: $1,130,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
8,144
Lease Type
Double Net
Rent Per Square Feet
$12.48

Investment Overview

LOWER RENT & PRICE POINT
• This Family Dollar has a lower rent which equates to a lower price point of $1,130,000.

INTERSTATE LOCATION
• Elizabethtown is located in Northern New York about 2 hours outside of Albany off Interstate 87.
• Interstate 87 is a north-south major route that connects northern NY with Albany and New York City.

ELIZABETHTOWN, NY | COUNTY SEAT
• Elizabethtown is the county seat of Essex County and benefits from government jobs & growth.
• This Family Dollar is adjacent to an elementary & high school with 250 students.

CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2008 and extended the lease for an additional 5 years.
• Family Dollar exercised their second option period in July 2023 which extended the lease through June 2028.
• There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• Tenant is responsible for parking lot (repairs = $1,000 annually), taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $1,000)
• There are 10% rent increases in each of the remaining two, 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
  • Elizabethtown, NY | County Seat
  • Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Discount

Family Dollar | Interstate Location

Listing Price: $1,130,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
8,144
Lease Type
Double Net
Rent Per Square Feet
$12.48

Investment Highlights

  • Lower Rent & Price Point
  • Interstate Location
  • Elizabethtown, NY | County Seat
  • 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 $1,130,000. INTERSTATE LOCATION • Elizabethtown is located in Northern New York about 2 hours outside of Albany off Interstate 87. • Interstate 87 is a north-south major route that connects northern NY with Albany and New York City. ELIZABETHTOWN, NY | COUNTY SEAT • Elizabethtown is the county seat of Essex County and benefits from government jobs & growth. • This Family Dollar is adjacent to an elementary & high school with 250 students. CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2008 and extended the lease for an additional 5 years. • Family Dollar exercised their second option period in July 2023 which extended the lease through June 2028. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • Tenant is responsible for parking lot (repairs = $1,000 annually), taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $1,000) • There are 10% rent increases in each of the remaining two, 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

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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