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Family Dollar, Ripley, TN

Family Dollar

TN, United States

Price $1,170,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type
Rental Increases
Year Built
Building Size 8,320 sq. ft.
Lot Size
Status Sold
Lead Broker Information

Investment Highlights

SCHEDULED RENT INCREASES
• 10% rental increases every five years provide a hedge against inflation
• Leased to strong national tenant with corporate guarantee
• Tenant is rated B1 by Moody’s
BRAND NEW 2016 CONSTRUCTION
• Brand new building, limiting near-term deferred maintenance or
capital costs
LOCATED IN DENSE RETAIL CORRIDOR
• Adjacent to shopping center anchored by numerous national retailers,
including Marshalls, Aldi, and LA Fitness
• Located near 175,671 square foot center that includes tenants such as
Walmart, Walgreen’s, GameStop, GNC, and others
AFFLUENT NORTHWEST SUBURB OF CHICAGO
• Population of 122,825 & average household income of $87,138 within
3-mile radius
• 22 miles from downtown Chicago
INFILL LOCATION WITH RECENT DEVELOPMENT IN AREA
• Near the recently redeveloped, one million square foot Randhurst Village
• Randhurst Village is a mixed-use center than includes big box anchors,
Costco, Home Depot, Chipotle, and many other national tenants


Property Description

SOLD

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