Investment Summary
Price | $1,573,000 |
Cap Rate | |
NOI | |
Lease Term | 15 Years |
Lease Type | |
Rental Increases | 10% after year 10 and every five (5) years thereafter |
Year Built | 2016 |
Building Size | 8,320 sq. ft. |
Lot Size | 1.37 Acres (34,848 sq. ft.) |
Status | Sold |
Lead Brokers | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
BRAND NEW, 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENT INCREASES
» Corporate guaranteed lease by Family Dollar
» Scheduled rent increases of 10% after year 10 and every 5 (five) years thereafter
» Family Dollar is responsible for all taxes, insurance, and maintenance, providing a low-management investment
» Ideal investment for an out-of-state investor
RELOCATION SITE FOR STRONG NATIONAL TENANT
» Family Dollar has a long standing tenancy and established customer base in the immediate area
» Tenant has operated successfully in market for decades
» Family Dollar has a “BB” rating from Standard & Poor’s
BRAND NEW 2016 CONSTRUCTION
» Built to tenant’s specifications and features Family Dollar’s latest store concepts
» Brand new, high quality construction
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is located on West Market, Bolivar’s main thoroughfare, with an average daily traffic count of 16,180 in front of the property. The site is heavily surrounded by residential communities, which will be served by Family Dollar, Inc. Central High School, Bolivar Middle School, and Bolivar Elementary are all within a mile radius of the property. The site is located within Bolivar’s main shopping district, and is surrounded by nationally recognized tenants such as Pizza Hut, Burger King, KFC, and McDonald’s. The Tractor Supply Co. and Dollar Tree-anchored shopping center is less than a mile from the property, as are community-gathering places, such as the City of Bolivar Swimming Pool and City of Bolivar City Hall.