Cap Rate
8.00%
Gross SQFT
11,278
Year Built
2020
Term Remaining
±7 YRS
NOI
103,080
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2020 Renovation to Suit for Dollar Tree
- Extremely strong corporately guaranteed lease
- Five mile population in excess of 73,725
- Traffic Counts on S. Crater Rd exceeding 23,530 VPD
- Nearby national tenants include McDonalds, Autozone, CVS, NTB, Food Lion, 7-Eleven, Hardees, and Wendy’s
- Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
- Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales / profitability
Broker of Record
- Kyle Matthews
- License No. 226035518 (VA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203