Family Dollar – Brookville, IN

$1,409,230
Price
$91,600
Noi
6.50%
Cap Rate
8,000
Leasable Area
2007
Year Built

Fortis Net Lease is pleased to present this 8,000 SF. freestanding Family Dollar store located in Brookville, Indiana. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. Tenant is responsible for parking lot maintenance up to $2,500 each year. There are 5.5 years remaining on the primary term with Family Dollar having recently exercised their 1st 5 year option. The lease contains 3 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar Tree Stores, Inc. which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store has been operating successfully since December of 2011.

This Family Dollar is highly visible as it is strategically positioned on Main Street which sees 9,774 cars per day. The ten mile population from the site is 16,978 while the three mile average household income is $68,652 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued 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 6.50% cap rate based on NOI of $91,600.

INVESTMENT HIGHLIGHTS
• Double Net (NN) Lease | Minimal Landlord Responsibilities
• Recently Exercised Option | Proven Commitment to the Market
• This Store Performs in the top 20% of all Family Dollar Stores inthe Country!
• 3 (5 Year) Options to Renew | 10% Rental Increases at Each Option
• Concrete Parking Lot | 5.5 Years Remaining on Primary Term
• Three Mile Household Income $68,652
• Ten Mile Population 16,978
• 9,774 VPD on Main Street
• Corporate Guarantee with “BBB-” Credit Rating
• Essential Retailer | On Main Thoroughfare

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM