Family Dollar
Lumberton, MS
| Price | $1,888,000 |
| Cap Rate | 6.25% |
| NOI | $117,995 |
| Lease Term | 7+ Years Remaining With Six (6) Five (5) Year Options |
| Lease Type | Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof And Structure |
| Rental Increases | Rental Increases Every Three (3) Years In Initial Term And Option Periods (*Rental Increases Every Three (3) Years Based On CPI Not To Exceed 6%) |
| Year Built | 2022 |
| Building Size | 8,418 SF |
| Lot Size | 1.67 Acres (72,745 SF) |
| Status | Available |
| Lead Broker Information | Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
CORPORATE GUARANTEED ABSOLUTE NNN LEASE TO NATIONAL TENANT WITH STRONG FINANCIALS
» Long-term absolute NNN lease to Family Dollar with option periods
» Guaranteed by Family Dollar, Inc., owned by Dollar Tree, Inc. (NASDAQ: “DLTR”)
» Company operates over 16,000 stores and has annual sales of over $26 billion
» Family Dollar, Inc. and Dollar Tree, Inc. are rated “BBB” by Standard & Poor’s
» Absolute NNN lease requires no landlord management, ideal for an out-of-area investor
» Rental increases in initial term and option periods, providing a hedge against inflation
» Large, 1.67-acre parcel with ample parking and multiple access points
LOCATED IN AN OPPORTUNITY ZONE WITH TAX INCENTIVES
» Opportunity Zones were created as a result of the 2017 Tax Cuts and Jobs Act to encourage investors to reinvest capital gains, which can come from any investment—including stocks, bonds, real estate and partnership interests—into these zones
» Investors are able to invest in qualified Opportunity Zones through an investment called an Opportunity Fund, which provides both temporary and long-term tax deferrals for eligible investors
» No taxes on 10% of gains after five years, 15% of gains after seven years, and 100% of gains after ten years
STRATEGIC LOCATION IN AREA WITH GROWING DEMOGRAPHICS
» Located along Lumberton’s primary east-west thoroughfare and retail corridor traversing the entirety of the city
» Convenient access to Interstate 59, a major north-south route connecting the metropolitan areas of New Orleans, Louisiana; Birmingham, Alabama; and Chattanooga, Tennessee
» Walking distance from Lumberton Elementary School, one of Lumberton’s largest community hubs and employers (417 students)
» Only Family Dollar in Lumberton, providing limited competition and excellent market share potential
» Projected population and income increase within 5-, 10-, and 15-mile radii over the next five years, poising Family Dollar and Lumberton for steady concurrent growth
Property Description
This Family Dollar is strategically located along Lumberton’s primary east-west thoroughfare and retail corridor traversing the entirety of the city. The property is also less than two miles from Interstate 59, a major north-south route connecting the metropolitan areas of New Orleans, Louisiana; Birmingham, Alabama; and Chattanooga, Tennessee.
The site is walking distance from Lumberton Elementary School, one of Lumberton’s largest community hubs and employers (417 students), and is the only Family Dollar in Lumberton, providing limited competition and excellent market share potential. Additionally, a projected population and income increase within 5-, 10-, and 15-mile radii over the next five years poises Family Dollar and Lumberton for steady concurrent growth.
