FD – Fort Worth, TX
Fortis Net Lease is pleased to present this 8,420 SF Family Dollar store located in Fort Worth, TX. The property is encumbered with an absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a 10% rental increase in year 11 and contains additional six five (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Family Dollar Stores, Inc., which is owned by Dollar Tree Corporation and holds a credit rating of “BB+”, which is classified as Strong.
This Family Dollar is highly visible as it is strategically positioned on Berry St. The five mile population from the site exceeds 240,000 while the one mile median household income exceeds $26,500 per year, making this location ideal for an Family Dollar. One mile household income is expected to increase by an additional 8.19% by 2021. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of an Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one the nation’s top dollar stores. List price reflects a 5.85% cap rate based on NOI of $134,156. Texas broker of record, Avery Murrah, Stroudlink Realty Services.
• NNN Lease Zero Landlord Responsibilities
• 15 Year Term | Six (5 Year) Options
• One Mile Household Income $26,065
• Five Mile Population Exceeds 240,000
• Strong BB+ Grade Credit Rating
• Rare Texas Major MSA Offering
• Ideal Family Dollar Demographics
• 8.19% 1 Mile Population Growth by 2021