Property Details
Family Dollar NNN
Multiple States, US
- Price
- $1,100,000
- GRM
- GSI
- $0
- NOI
- $81,200
- CAP Rate
- 7.38
- Units
- 1
- Price/unit
- $1,100,000
- Square Footage
- 7,550
- Price/sqft
- $146
- Lot Size (sqft)
- 38,200
- Year Built
- 2014
Property Description
One of the largest discount retailers in the US, Family Dollar is still gaining and appeal from net lease investors. Family Dollar holds investment grade credit ratings from S&P (BBB-) and Moody's (Baa3) and operates under a favorable landlord net lease structure. Free-standing Family Dollar retail stores provide an attractive combination of a long-term lease, investment grade credit, and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity and allows growth.
The double net (NN) Lease is a corporate guaranteed with 9+ years remaining, minimal landlord responsibilities (except roof & structure).
We have two separate opportunities for Family Dollar NN Leases right now, Tennessee and Pennsylvania.