Family Dollar STNL Investment Opportunity!
6.5 Years Remaining on Family Dollar Lease! Currently paying $84,000/yr., there is a Rent Increase 1/1/2024: $7,542.34/month ($90,508.08/ann.) Two, five (5) year options breakdown: First Option: $8,296.59/month ($99,559.08/ann.) Second Option: $9,126.25/month ($109,515.00/ann.)
| Property Type | Retail |
|---|---|
| Cap Rate Percentage | 6 |
| Listing ID | W8RWBG |
| MLS ID | 688831 |
| Style | Other Style |
| Building Size | 8,000 SF |
| Lot Size | 0.67 AC |
Property Highlights
Current term expires 12/31/28 with two, five (5) year options
Landlord responsible for roof, structure, and capital expenses.
10% Increases with each Renewal Term
Convenient ingress/egress at signaled intersection
50 free surface parking spaces.
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.
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. |