Discount
Family Dollar Tree | Low Rent & Price Point
13414 Riverside Dr, Oakwood, VA 24631
Listing Price: $1,175,000
Investment Overview
LOW RENT PRICE POINT
• The subject property has a lower rent which equates to a low price point of $1,175,000.
INVESTMENT GRADE TENANT (S&P: BBB)
• 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.
9 YEAR CORPORATE LEASE
• Family Dollar Tree renovated & backfilled a former Save A-lot and signed a new 10 year lease that commenced in January 2023.
• There are approximately 8.5 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree.
• Tenant is responsible for Routine Parking Lot Maintenance, Taxes, Insurance,
HVAC, Utilities, and Landscaping.
• The Landlord responsibilities include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Five, 5-year option periods.
NEAR PRINCETON, WV | COUNTY SEAT OF MERCER COUNTY
• This Family Dollar Tree is located 1.5 hours west of Princeton, WV.
• Princeton is the county seat of Mercer County and located directly off Interstate 77 (27,829 VPD)
• National Retailers in Princeton include Lowe’s Home Improvement, Kroger, Walmart, Big Lots, and more.
• Princeton Community Hospital is a leader in the region for medical care with 267 beds, 160 doctors, and 1,097 employees.
NEARBY NA TIONAL RET AILERS
• National retailers in a 5 mile radius includes Tractor Supply, Food City, McDonalds, Dairy Queen and more.
Investment Highlights
- Low Rent Price Point
- Investment Grade Tenant (S&P: BBB)
- 9 Year Corporate Lease
- Near Princeton, WV | County Seat Of Mercer County
- Nearby National Retailers
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $1,175,000
Investment Highlights
- Low Rent Price Point
- Investment Grade Tenant (S&P: BBB)
- 9 Year Corporate Lease
- Near Princeton, WV | County Seat Of Mercer County
- Nearby National Retailers
Investment Overview
LOW RENT PRICE POINT • The subject property has a lower rent which equates to a low price point of $1,175,000. INVESTMENT GRADE TENANT (S&P: BBB) • 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. 9 YEAR CORPORATE LEASE • Family Dollar Tree renovated & backfilled a former Save A-lot and signed a new 10 year lease that commenced in January 2023. • There are approximately 8.5 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree. • Tenant is responsible for Routine Parking Lot Maintenance, Taxes, Insurance, HVAC, Utilities, and Landscaping. • The Landlord responsibilities include Roof, Structure and Parking Lot. • The rent increases $0.50/SF in each of the Five, 5-year option periods. NEAR PRINCETON, WV | COUNTY SEAT OF MERCER COUNTY • This Family Dollar Tree is located 1.5 hours west of Princeton, WV. • Princeton is the county seat of Mercer County and located directly off Interstate 77 (27,829 VPD) • National Retailers in Princeton include Lowe’s Home Improvement, Kroger, Walmart, Big Lots, and more. • Princeton Community Hospital is a leader in the region for medical care with 267 beds, 160 doctors, and 1,097 employees. NEARBY NA TIONAL RET AILERS • National retailers in a 5 mile radius includes Tractor Supply, Food City, McDonalds, Dairy Queen and more.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager