Discount
Family Dollar | New 10 Year Lease Extension | Strong Placer.ai Visitation Data
160 N Cotton St, El Paso, TX 79901
Listing Price: $1,200,000
Cap Rate
8.30%
Tenant Name
Family Dollar
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
9,180
Lease Type
Double Net
Rent Per Square Feet
$10.87
Investment Overview
Marcus & Millichap is pleased to present the offering for Family Dollar in El Paso, TX.
Family Dollar | New 10 Year Lease Extension | Strong Placer.ai Visitation Data
Investment Highlights
- SINGLE TENANT FAMILY DOLLAR: 9,180-SF on a 0.99 acre lot with 30 parking spaces.
- NEW 10-YEAR LEASE EXTENSION: Tenant recently signed a new 10 year double net lease extension extending the lease through 2036 with three, 5-year renewal options. Landlord only responsible for roof
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each option with percentage rent.
- CORPORATE GUARANTEE: Lease is corporately guaranteed by Family Dollar, which was recent acquired by Brigade Capital Management, a major asset management firm with over $31 billion in assets.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY CORNER LOCATION: Located on a hard corner with landscaped frontage, lighted pylon sign and separate rear delivery zone entrance.
- STRONG VISITOR DATA: This Family Dollar location is ranked in the top 79th percentile for site visits nationwide according to Placer.ai.
- HIGH TRAFFIC CORRIDOR: North Cotton Street sees 15,700 vehicles per day (VPD), 0.4 miles off of I-10, a major interstate going through downtown El Paso seeing 163,900 VPD.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Discount
Family Dollar | New 10 Year Lease Extension | Strong Placer.ai Visitation Data
Listing Price: $1,200,000
Cap Rate
8.30%
Tenant Name
Family Dollar
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
9,180
Lease Type
Double Net
Rent Per Square Feet
$10.87
Investment Highlights
- SINGLE TENANT FAMILY DOLLAR: 9,180-SF on a 0.99 acre lot with 30 parking spaces.
- NEW 10-YEAR LEASE EXTENSION: Tenant recently signed a new 10 year double net lease extension extending the lease through 2036 with three, 5-year renewal options. Landlord only responsible for roof
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each option with percentage rent.
- CORPORATE GUARANTEE: Lease is corporately guaranteed by Family Dollar, which was recent acquired by Brigade Capital Management, a major asset management firm with over $31 billion in assets.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY CORNER LOCATION: Located on a hard corner with landscaped frontage, lighted pylon sign and separate rear delivery zone entrance.
- STRONG VISITOR DATA: This Family Dollar location is ranked in the top 79th percentile for site visits nationwide according to Placer.ai.
- HIGH TRAFFIC CORRIDOR: North Cotton Street sees 15,700 vehicles per day (VPD), 0.4 miles off of I-10, a major interstate going through downtown El Paso seeing 163,900 VPD.
Investment Overview
Marcus & Millichap is pleased to present the offering for Family Dollar in El Paso, TX.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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