Skip to main content

Discount

Family Dollar

1723 Lakewood Ave SE, Atlanta, GA 30315

Listing Price: $2,279,798

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
9,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.87

Investment Overview

• Absolute NNN Corporately Guaranteed Fee-Simple Lease with Family Dollar- Family Dollar, established in 1959 currently operates over 8,000 locations across the U.S.
• Strong placer.ai stats- over 148,000 visitors the past 12 months ranking this location in the 81st percentile nationally and 85th percentile in Georgia (#50 out of 327 locations)
• Rental increases of 10% throughout each of the six (6), five (5) year option periods
• Near the signalized intersection of Lakewood Avenue and State Highway 54- ADT of over 25,000 cars/day
• Located less than a half-mile from the world renowned Ron Clark Academy (RCA)- RCA is demonstration school, a place where visiting educators engage in a vibrant professional development experience by observing best practices in action before participating in hands-on workshops- in the past 16 years, over 150,000 superintendents, district level administrators, and teachers have participated in the RCA experience to learn better ways to engage students, promote academic excellence, build relationships, and create a positive climate and culture
• Downtown Atlanta location- located just 5 miles South of Downtown Atlanta- Atlanta is home to one of nation’s top markets for Fortune 500 companies including UPS, Delta, Coca-Cola, & Home Depot- current population of approximately 6.3 million people and home of the world’s busiest airport by passenger volume (Hartsfield-Jackson)
• In 2024 Atlanta’s employment growth ranked 18th out of 53 major markets and over the last five years Atlanta has added nearly 230,000 new job positions
• Densely populated and affluent market- Over 280,000 residents within 5 miles of the subject property (expected growth rate of over 3.0% over the next five years) with an Average Household Income of over $96,000
• All-brick 2016 construction- 9,180 total SF
• Large lot size of 1.17 acres

Investment Highlights

  • Absolute NNN Corporately Guaranteed Fee-Simple Lease with Family Dollar- Family Dollar, established in 1959 currently operates over 8,000 locations across the U.S.
  • Strong placer.ai stats- over 148,000 visitors the past 12 months ranking this location in the 81st percentile nationally and 85th percentile in Georgia (#50 out of 327 locations)
  • Rental increases of 10% throughout each of the six (6), five (5) year option periods

Exclusively Listed By

Financing By

Listing Price: $2,279,798

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
9,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.87

Investment Highlights

  • Absolute NNN Corporately Guaranteed Fee-Simple Lease with Family Dollar- Family Dollar, established in 1959 currently operates over 8,000 locations across the U.S.
  • Strong placer.ai stats- over 148,000 visitors the past 12 months ranking this location in the 81st percentile nationally and 85th percentile in Georgia (#50 out of 327 locations)
  • Rental increases of 10% throughout each of the six (6), five (5) year option periods

Investment Overview

• Absolute NNN Corporately Guaranteed Fee-Simple Lease with Family Dollar- Family Dollar, established in 1959 currently operates over 8,000 locations across the U.S. • Strong placer.ai stats- over 148,000 visitors the past 12 months ranking this location in the 81st percentile nationally and 85th percentile in Georgia (#50 out of 327 locations) • Rental increases of 10% throughout each of the six (6), five (5) year option periods • Near the signalized intersection of Lakewood Avenue and State Highway 54- ADT of over 25,000 cars/day • Located less than a half-mile from the world renowned Ron Clark Academy (RCA)- RCA is demonstration school, a place where visiting educators engage in a vibrant professional development experience by observing best practices in action before participating in hands-on workshops- in the past 16 years, over 150,000 superintendents, district level administrators, and teachers have participated in the RCA experience to learn better ways to engage students, promote academic excellence, build relationships, and create a positive climate and culture • Downtown Atlanta location- located just 5 miles South of Downtown Atlanta- Atlanta is home to one of nation’s top markets for Fortune 500 companies including UPS, Delta, Coca-Cola, & Home Depot- current population of approximately 6.3 million people and home of the world’s busiest airport by passenger volume (Hartsfield-Jackson) • In 2024 Atlanta’s employment growth ranked 18th out of 53 major markets and over the last five years Atlanta has added nearly 230,000 new job positions • Densely populated and affluent market- Over 280,000 residents within 5 miles of the subject property (expected growth rate of over 3.0% over the next five years) with an Average Household Income of over $96,000 • All-brick 2016 construction- 9,180 total SF • Large lot size of 1.17 acres

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower