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Family Dollar Tree | Low Rent & Price Point

13414 Riverside Dr, Oakwood, VA 24631

Listing Price: $1,175,000

Cap Rate
7.75%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
16,563
Lease Type
Double Net
Rent Per Square Feet
$5.49

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

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Discount

Family Dollar Tree | Low Rent & Price Point

Listing Price: $1,175,000

Cap Rate
7.75%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
16,563
Lease Type
Double Net
Rent Per Square Feet
$5.49

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

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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