Discount
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
Family Dollar | Relocation | 2020 New Roof | 2017 H2 Renovation
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
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
Financing By
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