Family Dollar
GA, United States
| Price | $1,906,286 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | |
| Rental Increases | 10% after year 10 and every 5 years thereafter |
| Year Built | 2015 |
| Building Size | 10,000 sq. ft. |
| Lot Size | 1.37 Acres (59,677 sq. ft.) |
| Status | Sold |
| Lead Broker Information | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG TERM LEASE WITH SCHEDULED RENT INCREASES
» Brand new, 15-year lease
» Corporate guarantee from Family Dollar
» Scheduled rent increases of 10% after year 10 and every 5 years thereafter
» Rent increases provide a hedge against inflation
RELOCATION STORE FOR STRONG NATIONAL TENANT
» Long standing tenancy and established customer base in the immediate area
» Family Dollar and its parent company, Dollar Tree, have over 13,000 locations in the U.S. and Canada
» “Ba1” credit rating from Moody’s and “BB”credit rating from Standard & Poor’s
HIGH TRAFFIC COLUMBUS, GEORGIA LOCATION
» 10,390 AADT directly in front of the site
» Densely populated area – population of 72,981 in 3 miles and 161,140 in 5 miles
NNN LEASE WITH NO MANAGEMENT RESPONSIBILITIES
» Family Dollar is responsible for all taxes, utilities, and maintenance, including roof and structure
» Ideal property for an out-of-state investor
Property Description
SOLD
The property is ideally located on Buena Vista Road, just south of the intersection of Buena Vista Road and Britt Avenue. Buena Vista Road is a major thoroughfare running through Eastern Columbus and the traffic count is 10,390 AADT at the site. The property is surrounded by a heavy residential community, which will be served by the store. Additionally, numerous large office buildings are located within a half mile of the property, including Aflac whose corporate headquarters are in Columbus, Georgia. Surrounding Family Dollar are major national retailers such as Piggly Wiggly, O’Reilly, Wendy’s, Chick-fil-A, Burger King, and Sonic.
