Family Dollar Tree – Canton, OK
Fortis Net Lease is pleased to present this 10,500 SF Family Dollar Tree Combo Store store located in Canton, Oklahoma. The property is encumbered with a ten (10) year triple net lease, leaving minimal landlord responsibilities. The lease contains Four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Family Dollar Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Family Dollar Tree is highly visible as it is strategically positioned off of Main St (which sees over 2,800 vehicles per day). The building is located on a main retail artery in Canton. The ten-mile population is in excess of 2,100 with the two-mile average household income at $69,873. These are above-average demographics for a Dollar
Store. The five-mile average home value exceeds $80,000.
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. The List price reflects a 6.50% cap rate based on NOI of $106,890.
INVESTMENT HIGHLIGHTS
• Combination Store | Family Dollar & Dollar Tree | 20% increase inrevenue
• Brand New Featuring Prototype Construction
• 10-Year NNN Lease Requiring Minimal Landlord Responsibilities
• Four (5 Yr) Options | $0.50 Rental Rate Increase
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Ten Mile Population in excess of 2,100
• Two Mile Average Household Income $69,873
• Family Dollar Tree Out Positions Other Retailers in Market | Main Thoroughfare!