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Family Dollar, Cleveland, MS

Family Dollar

MS, United States

Price $1,483,630
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases CPI increase not to exceed 6% every 3 years
Year Built 2016
Building Size 9,175 sq. ft.
Lot Size 1.23 Acres (53,579 sq. ft.)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

BRAND NEW, 15-YEAR CORPORATE LEASE
» The Lease is guaranteed for 15 years by Family Dollar Stores, Inc
(NASDAQ: “DLTR”)
» Features increasingly rare CPI rental increases every three years

ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management – ideal for out-of-state investors
» All expenses are paid by the Tenant

RELOCATION STORE
» Tenant has operated successfully in market for decades
» Tenant has transitioned from an in-line shop space (two blocks away) to
free standing building

BRAND NEW CONSTRUCTION
» Building was built in 2016 to Tenant’s specifications
» Located on hard corner allowing for better visibility and access
» Features latest Family Dollar store prototype

Click Here to Download Offering Memorandum


Property Description

SOLD

The subject property is located on the southwest corner of South Davis Avenue, also known as U.S. Highway 278, and Lee Street less than a mile east of downtown Cleveland. The newly constructed store has outstanding visibility and access along South Davis Avenue, which is a major north-south highway that boasts an annual average daily traffic count of approximately 18,000 vehicles in front of the site. The store was relocated from a successful in-line location (within a shopping center) less that two blocks from the property. Cleveland High School, which has more than 600 students enrolled, is nearby. East Side High School (346 students), Nailor Elementary School (307 students), DM Smith Middle School (293 students), and Cypress Park Elementary School (281 students) are all found within a one mile radius of the subject property.

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