Family Dollar STNL Investment Opportunity!
Family Dollar STNL Investment Opportunity. Priced to sell, this property is listed at a 7.64% CAP based on a NNN Lease of $84,000.00/yr in rent. Three, five (5) year options breakdown: First Option: $7,542.34/month ($90,508.08/ann.) Second Option: $8,296.59/month ($99,559.08/ann.) Third Option: $9,126.25/month ($109,515.00/ann.)
| Property Type | Retail |
|---|---|
| Cap Rate Percentage | 7.64 |
| Listing ID | W8RWBG |
| MLS ID | 688831 |
| Style | Other Style |
| Building Size | 8,000 SF |
| Lot Size | 0.67 AC |
Property Highlights
50 free surface parking spaces.
Over 8,000 Family Dollar locations nation wide
Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity.
10% Increases with each Renewal Term
Three (3) years remaining on Original Term with three, five (5) year options Convenient ingress/egress at signaled intersection
Landlord responsible for roof, structure, and capital expenses.
Property Features| Location: | Located at the busy intersection of Miles Road and 93rd Street, this Family Dollar is immediately surrounded by six churches, an elementary school, the Cuyahoga Housing Authority, and various industries all of which drive up traffic throughout the day. Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. |
