Discount

Family Dollar | 5-Year Extension

523 US Highway 64, Columbia, NC 27925

Listing Price: $900,000

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
4.50
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$112.50
Lease Type
Double Net
Rent Per Square Feet
$9.00

Investment Overview

The subject property is a 2011 construction Family Dollar store located in Columbia, NC. The store is located on US Highway 64 reporting 7,700 vehicles per day. Family Dollar is signed to an initial 10-year double-net (NN) lease that commenced in 2011. They just signed an extension of the initial lease term, indicating their level of comfort in this location. The lease is now not scheduled to expire until March 31st, 2025. Rent is scheduled to increase by 10% at the beginning of each of the 5 remaining 5-year renewal options.

Investment Highlights

  • DOLLAR TREE HAS INVESTMENT GRADE CREDIT | BBB- RATING ON S&P
  • GUARANTY FROM FAMILY DOLLAR STORES, INC.
  • EARLY EXTENDED LEASE | 4.5+ YEARS REMAINING
  • DOUBLE-NET (NN) LEASE | MINIMAL LANDLORD RESPONSIBILITIES
  • TENANT PAYS FOR CAM, TAXES AND INSURANCE EXPENSES
  • 29% RENTAL INCREASE AT THE BEGINNING OF 1st RENEWAL | 10% RENTAL INCREASES EVERY 5 YEARS THEREAFTER

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Discount

Family Dollar | 5-Year Extension

Listing Price: $900,000

Cap Rate
8.00%
Tenant Name
Family Dollar
Years Remaining On Lease
4.50
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$112.50
Lease Type
Double Net
Rent Per Square Feet
$9.00

Investment Highlights

  • DOLLAR TREE HAS INVESTMENT GRADE CREDIT | BBB- RATING ON S&P
  • GUARANTY FROM FAMILY DOLLAR STORES, INC.
  • EARLY EXTENDED LEASE | 4.5+ YEARS REMAINING
  • DOUBLE-NET (NN) LEASE | MINIMAL LANDLORD RESPONSIBILITIES
  • TENANT PAYS FOR CAM, TAXES AND INSURANCE EXPENSES
  • 29% RENTAL INCREASE AT THE BEGINNING OF 1st RENEWAL | 10% RENTAL INCREASES EVERY 5 YEARS THEREAFTER

Investment Overview

The subject property is a 2011 construction Family Dollar store located in Columbia, NC. The store is located on US Highway 64 reporting 7,700 vehicles per day. Family Dollar is signed to an initial 10-year double-net (NN) lease that commenced in 2011. They just signed an extension of the initial lease term, indicating their level of comfort in this location. The lease is now not scheduled to expire until March 31st, 2025. Rent is scheduled to increase by 10% at the beginning of each of the 5 remaining 5-year renewal options.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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