FD/DT – Orrville, AL
Fortis Net Lease is pleased to present this built to suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Orrville, AL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contain four (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 in the heart of Orrville at Main St and Boundary St. The store is directly situated off of Main St which sees over 3,000 cars per day. The five mile population is 1,616 with the five mile average household income in excess of $41,500.
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 6.25% cap rate based on NOI of $106,680.
INVESTMENT HIGHLIGHTS
• New Dual Tenant Concept | Brand New Lease
• Combo Stores See 20% Increase in Revenue
• 3,000+ Traffic Count of Main St
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• Four- (5 Yr) Options | $0.50 Rental Rate Increase
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Three Mile Average Household Income of $40,729
• The Store Out Positions Other Retailers
Instate Broker of Record: Brian Brockman | Bang Realty