Family Dollar – Marvell, AR
Fortis Net Lease is pleased to present this 8,320 SF. freestanding Family Dollar store located in Marvell, Arkansas. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. There are 3.5 years remaining on the primary term. The lease contains 6 (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 is currently open and has been operating successfully since since July 2014.
This Family Dollar is highly visible as it is strategically positioned on US 49 which sees 5,400 cars per day. It is conveniently located across from the local High School. The ten mile population from the site is 3,751 while the three mile average household income is $41,720 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 8.50% cap rate based on NOI of $64,827.
• Double Net (NN) Lease | Minimal Landlord Responsibilities
• 6 (5 Year) Options to Renew | 10% Rental Increases at Each Option
• Concrete Parking Lot | 3.5 Years Remaining on Primary Term
• Three Mile Household Income $41,720
• Ten Mile Population 3,751
• 5,400 VPD on US 49
• Corporate Guarantee with “BBB-” Credit Rating
• Across From Marvell High School
• Essential Retailer | On Main Thoroughfare
Instate Broker of Record: Brian Brockman |Bang Realty