Family Dollar Tree – Goodwater, AL
Fortis Net Lease is pleased to present this 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Goodwater, AL. The property is encumbered with a ten (10) year NN+ lease, leaving minimal landlord responsibilities. The lease contains five (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 Highway 9 (Main St). The building is located adjacent to the main artery leading into downtown Goodwater. The five-mile population is nearly 2,700 with a three mile average household income of nearly $41,296. 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 6.60% cap rate based on NOI of $110,040.
INVESTMENT HIGHLIGHTS
• New Dual Tenant Concept | Brand New Lease
• 10-Year NN+ Lease Requiring Minimal Landlord Responsibilities
• Five- (5 Yr) Options | $0.50 Rental Rate Increase
• Located on Adjacent to Main Artery Leading into Goodwater
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Average Household Income $41,296
• High Traffic Location | 5,153 VPD (Main St)
Instate Broker of Record: Brian Brockman | Bang Realty