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Family Dollar

1121 N Reynolds Rd, Toledo, OH 43615

Listing Price: $654,000

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
4.5
Gross SF
9,536
Guarantor
Corporate Guarantee
Rentable SF
9,536
Price/Gross SF
$68.58
Lease Type
Double Net
Rent Per Square Feet
$4.46

Investment Overview

Marcus & Millichap is pleased to present Family Dollar located in Toledo, Ohio. Family Dollar currently has five years remaining on a double-net lease. The property is situated along North Reynolds Road with 24,255 vehicles per day just south of the major intersection of Reynolds and Door Street with 45,457 vehicles per day.

Investment Highlights

  • Five Years Remaining on Family Dollar Lease
  • Dirt Cheap $4.46 per Square Foot Triple-Net Rent
  • 28 Percent Rent Increase in Upcoming Option (8.33 Percent CAP); 10 Percent Bumps Thereafter (9.2 Percent and 10.1 Percent CAP's)
  • Fresh 10-Year Extension in 2016 (12/2026 Expiration)
  • New TPO Roof in 2019
  • Tenant has Renewed Four Times Since 1999 Lease Signing
  • 24,255 Cars per Day; Adjacent to 45,457 Cars per Day Major Intersection

Exclusively Listed By

Financing By

Discount

Family Dollar

Listing Price: $654,000

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
4.5
Gross SF
9,536
Guarantor
Corporate Guarantee
Rentable SF
9,536
Price/Gross SF
$68.58
Lease Type
Double Net
Rent Per Square Feet
$4.46

Investment Highlights

  • Five Years Remaining on Family Dollar Lease
  • Dirt Cheap $4.46 per Square Foot Triple-Net Rent
  • 28 Percent Rent Increase in Upcoming Option (8.33 Percent CAP); 10 Percent Bumps Thereafter (9.2 Percent and 10.1 Percent CAP's)
  • Fresh 10-Year Extension in 2016 (12/2026 Expiration)
  • New TPO Roof in 2019
  • Tenant has Renewed Four Times Since 1999 Lease Signing
  • 24,255 Cars per Day; Adjacent to 45,457 Cars per Day Major Intersection

Investment Overview

Marcus & Millichap is pleased to present Family Dollar located in Toledo, Ohio. Family Dollar currently has five years remaining on a double-net lease. The property is situated along North Reynolds Road with 24,255 vehicles per day just south of the major intersection of Reynolds and Door Street with 45,457 vehicles per day.

Exclusively Listed By

Financing By

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