Cap Rate
7.65%
Year Built
2005
Leasable Area
9,180 SF
Term Remaining
±7.5 Yrs
NOI
$83,308
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2005 built to suit construction for Family Dollar
- 5-mile population of 7,062 residents
- 10-mile population of 20,406 residents
- Tenant has exercised multiple options, showing a long-term commitment to the site
- Extremely strong corporately guaranteed lease
- Three, five-year options, all of which include attractive rental increases
- Located 44 miles southwest of Greenville
TENANT HIGHLIGHTS
- 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. 22684 (SC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203