Family Dollar

McArthur, Ohio

Offering Summary

  • Status: accepted offer
  • Price: $825,000
  • CAP Rate: 8.00%
  • Term: 10.5 Years
  • Net Operating Income: $66,000
  • Price/SF: $91.67
  • Year(s) Built: 2020 (Complete Renovation/Expansion of Exisiting Building)
  • Lot Size (Acres): 1.51
  • Lease Type: Double Net
  • Newly Executed 10.5 Year Lease on Recently Expanded/Renovated Existing Store
  • Tenant Has been Operating at Location for 30+ Years Demonstrating Strong Commitment to the Site
  • Renovation Includes: 3,000 SF Additional Building Space, Expanded Parking Lot, New Roof, New HVAC Units, New Signage/Facade
  • All-Brick 9,000 Square-Foot Building on Large 1.51-Acre Site | Stronger Intrinsic Value in the Real Estate Versus Other Steel-Sided Dollar Stores
  • Strong Access and Visibility Along North Market Street with 6,720 Vehicles Per Day
  • Publicly Traded Company (Nasdaq: DLTR) with Investment Grade Credit – S&P “BBB-” and Moody’s “Baa3”
  • Dollar Tree Reported FY 2019 Sales of $23.6 Billion and Net Income of $827 Million, #135 on Fortune 500
  • Minimal Landlord Responsibilities – Tenant Directly Responsible for Common Area Maintenance and Reimbursement of Taxes & Insurance
  • Six, Five-Year Options Remaining with $0.50/SF Rent Increases Every 5 Years

Dustin Javitch