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Family Dollar,

Family Dollar

MS, United States

Price $2,265,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases Rent increases equal to the product of CPI times theInitial Base Rent every three (3) years
Year Built 2016
Building Size 9,180 sq. ft.
Lot Size 1.55 Acres (67,518 sq. ft.)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG TERM LEASE WITH SCHEDULED RENT INCREASES
» The lease is guaranteed for 15 years by Family Dollar Stores, Inc. (NASDAQ: “DLTR”)
» Scheduled rent increases every 3 years, providing a hedge against inflation

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 to a free standing building

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

DOWNTOWN LOCATION CLOSE TO MISSISSIPPI STATE UNIVERSITY
» Located in Starkville’s downtown boutique shopping district
» Less than a mile from Mississippi State University, Mississippi’s largest university
» Students, faculty, and employees of MSU provide a large customer base for Family Dollar

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on the northwestern corner of the intersection of Martin Luther King Jr. Drive and North Jackson Street, and enjoys visibility and full access from both thoroughfares. Martin Luther King Jr. Drive boasts an average traffic count of 18,000 vehicles per day in front of the property. Additionally, Hwy 12, a major east-west route, is located less than a mile from the site and has a traffic count of 53,000 vehicles per day. Subway and the Eightytwo Plaza Shopping Center are located directly next to the property, while Starkville Crossings, a shopping mall with twenty stores including Kroger, Wingstop, Applebee’s, Lowe’s, JCPenney, Popeye’s, and others, is within a two-mile radius. Many boutique retailers are located just two blocks south of the property on E Main Street, Starkville’s downtown shopping district. The 102-bed Oktibbeha County Hospital is within a mile radius of the property, as is Mississippi State University, which is the largest university in the state and has over 4,500 employees and over 24,000 students. The Cotton District, a walkable neighborhood containing restaurants, bars, and thousands of unique residential units, is within walking distance of the property.

Contact Us About This Property

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