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Family Dollar, Columbus, GA

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

Click Here to Download Offering Memorandum


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.

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