Dollar Tree/Family Dollar – Odenville, AL

$824,600
Price
$57,722
Noi
7.00%
Cap Rate
16,492
Leasable Area
2005
Year Built

CONTACT US REGARDING THIS LISTING

ANDREW BENDER

Investment Advisor

Corey Bunch

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 16,492 SF Dollar Tree & Family Dollar store located in Odenville, AL. The property is encumbered with a Five (5) year triple net lease, leaving minimal landlord responsibilities. The lease contain Six (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade.

This Store is highly visible as it is strategically positioned off of US 411 (which sees over 11,000 vehicles per day). The building is located on a main artery leading into downtown Odenville. The five mile population is nearly 15,000 with the two mile average household income of nearly $73,000. These are above-average demographics for a Dollar Store.

This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.00% cap rate based on NOI of $57,722.

INVESTMENT HIGHLIGHTS
• Completely Remodeled in 2021 | New Dual Tenant Concept
• 5 Year NNN Lease Requiring Minimal Landlord Responsibilities
• Six (5 Yr) Options | $0.50 Rental Rate Increase
• Located on Main Retail Artery Leading into Downtown Odenville
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Traffic Count in Excess of 11,000+
• One Mile Average Household Income $72,966
• The Store Out Positions Other Retailers in Market | Main Thoroughfare!

 

Instate Broker of Record: Brian Brockman | Bang Realty