Discount
Family Dollar
1121 N Reynolds Rd, Toledo, OH 43615
Listing Price: $654,000
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.
Family Dollar
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
Listing Price: $654,000
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.
