Family Dollar

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Family Dollar

8791 KY-1 Grayson KY Carter County

Sales Price: $1,525,292

Cap Rate: 6.50%

Lease Expiration: 9/30/2029

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Jason Greenspan

Description:

2019 CONSTRUCTION:

  • Build to Suit for Family Dollar with a new 10-year lease in place

STRONG CREDIT TENANT:

  • Family Dollar Corporate Guaranty
  • Family Dollar is wholly owned subsidiary of Dollar Tree Inc (NYSE: DLTR)
  • Dollar Tree (Including Family Dollar) has 193,100 employees, 15,288 locations and an annual revenue of $22B.

SIX 5-YEAR OPTIONS WITH 4.00% RENT INCREASES

DEMOGRAPHICS:

  • Average HH Income is above $50,000 in a 5-mile radius

Building Size: 9,190 SF

Lot Size: 0.93 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 144 1,104 2,790
Avg. HH Income: $42,925 $50,663 $52,103

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.