Cap Rate
8.00%
Year Built
2016
Leasable Area
13,428 SF
Term Remaining
±2.5 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2016 retrofit for Dollar Tree
- Premium all-brick construction building with no metal sides
- Brand new roof in 2023 which is accompanied by a 15-year roof warranty
- Corporately guaranteed lease
- Three, 5-Year renewal options all of which include a $.50/SF rent increase
- 5-Mile population of ±275,746 residents
- 10-Mile population of ±1,164,787 residents
- Average household income of ±79,883 annually
- Traffic counts at the corner of 6 Mile Rd and Breech Daly exceed ±41,000 vehicles daily
- 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
- Investment Grade Credit Tenant – S&P Rated BBB
Broker of Record
- Kyle Matthews
- License No. 6505432273 (MI)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 1600 West End,
Ste. 1500 Nashville, TN 37203