Cap Rate
8.25%
Year Built
2015
Leasable Area
8,320 SF
Term Remaining
5.25
Property Type
Retail
INVESTMENT HIGHLIGHTS:
- 2015 Built-to-Suit for Family Dollar
- Extremely rare ABS NNN lease with zero landlord responsibilities
- CPI based increases every 3 years (6% max) providing an excellent hedge against inflation
- Traffic counts in excess of ±11,000 VPD
- Nevada is an income tax free state
- Six, five-year options, all of which include the CPI increases
- Strong corporately guaranteed lease
- Investment Grade Credit Tenant – S&P Rated BBB
- Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profit ability
- 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
Broker of Record
- David Harrington
- License No. B.1003120.CORP (NV)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203