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Family Dollar | Relocation | 2020 New Roof | 2017 H2 Renovation

1548 US-421, Harlan, KY 40831

Listing Price: $995,000

Cap Rate
7.95%
Tenant Name
Family Dollar
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
12,650
Lease Type
Double Net
Rent Per Square Feet
$6.25

Investment Overview

Marcus & Millichap is pleased to bring to market the offering for Family Dollar in Harlan, KY

Investment Highlights

  • Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | New Roof Installed in 2020 With 20-Year Warranty
  • Larger Format Including Dollar Tree Branded Products | 2+ Years Remaining on Original 10 Year Double Net Lease | Minimal Landlord Responsibilities
  • Four, Five-Year Options with Rental Increases in Each | Potential for Long-Term Passive Income | Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
  • County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar's Core Customer Base
  • Located on Main Corridor of US 421 with Over 17,500 Vehicles Per Day | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
  • Major Tenants Nearby: Walmart, Food City, Goody's, Save A Lot, CVS, Hibbett Sports, Big Lots, McDonald's and More
  • Located Near Harlan ARH Hospital With 145 Beds
  • Family Dollar is Ranked #137 on the Fortune 500 list and has 8,200+ Stores as of 2024

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Discount

Family Dollar | Relocation | 2020 New Roof | 2017 H2 Renovation

Listing Price: $995,000

Cap Rate
7.95%
Tenant Name
Family Dollar
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
12,650
Lease Type
Double Net
Rent Per Square Feet
$6.25

Investment Highlights

  • Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | New Roof Installed in 2020 With 20-Year Warranty
  • Larger Format Including Dollar Tree Branded Products | 2+ Years Remaining on Original 10 Year Double Net Lease | Minimal Landlord Responsibilities
  • Four, Five-Year Options with Rental Increases in Each | Potential for Long-Term Passive Income | Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
  • County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar's Core Customer Base
  • Located on Main Corridor of US 421 with Over 17,500 Vehicles Per Day | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
  • Major Tenants Nearby: Walmart, Food City, Goody's, Save A Lot, CVS, Hibbett Sports, Big Lots, McDonald's and More
  • Located Near Harlan ARH Hospital With 145 Beds
  • Family Dollar is Ranked #137 on the Fortune 500 list and has 8,200+ Stores as of 2024

Investment Overview

Marcus & Millichap is pleased to bring to market the offering for Family Dollar in Harlan, KY

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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