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Family Dollar Portfolio

508 Central Ave, Cheyenne, WY 82007

Listing Price: $1,420,273

Cap Rate
6.40%
Tenant Name
Family Dollar, Inc.
Years Remaining On Lease
8.0
Gross SF
8,467
Guarantor
Corporate Guarantee
Rentable SF
8,467
Price/Gross SF
$167.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.74

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a ten-unit Family Dollar master-lease portfolio located throughout Florida, Wisconsin, and Wyoming. The sites combined consist of roughly 83,497 rentable square feet of building space on a combined estimated 11.84-acres of land. The Portfolio is subject to a 15-year absolute triple-net (NNN) lease, which commenced on June 1, 2014. The current annual rent is $1,072,078 and is scheduled to increase by the lesser in the change of CPI or six percent (6%) every three (3) years throughout the base term and in each of the six (6), five (5)-year renewal options. Rent Shall Increase to Fair Market Value In the 5th and 6th Option Periods (Capped at 6%).

Investment Highlights

  • Long-Term, 15-Yr Absolute Triple Net (NNN) Master-Lease, 0 Landlord Responsibilities
  • Corporate Tenant | Corporate Guaranty
  • Above Market Rental Increases
  • Increases Run into the First 4, 5-Year Option Periods
  • Approximately 8.4 Years of Term Remaining

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s) WY: RE-13688

    Wyoming

Listing Price: $1,420,273

Cap Rate
6.40%
Tenant Name
Family Dollar, Inc.
Years Remaining On Lease
8.0
Gross SF
8,467
Guarantor
Corporate Guarantee
Rentable SF
8,467
Price/Gross SF
$167.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.74

Investment Highlights

  • Long-Term, 15-Yr Absolute Triple Net (NNN) Master-Lease, 0 Landlord Responsibilities
  • Corporate Tenant | Corporate Guaranty
  • Above Market Rental Increases
  • Increases Run into the First 4, 5-Year Option Periods
  • Approximately 8.4 Years of Term Remaining

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a ten-unit Family Dollar master-lease portfolio located throughout Florida, Wisconsin, and Wyoming. The sites combined consist of roughly 83,497 rentable square feet of building space on a combined estimated 11.84-acres of land. The Portfolio is subject to a 15-year absolute triple-net (NNN) lease, which commenced on June 1, 2014. The current annual rent is $1,072,078 and is scheduled to increase by the lesser in the change of CPI or six percent (6%) every three (3) years throughout the base term and in each of the six (6), five (5)-year renewal options. Rent Shall Increase to Fair Market Value In the 5th and 6th Option Periods (Capped at 6%).

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s): WY: RE-13688

    Wyoming

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