Family Dollar Tree – Maplesville, AL
Fortis Net Lease is pleased to present this 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Maplesville, AL. The property is encumbered with a ten (10) year NN+ 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 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 22 (Which sees 5,300+ Cars Per Day). The building is located on the main retail artery leading into Maplesville. The five-mile population is excess of 1,800 with a three mile average household income of nearly $68,583. 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 $114,765.
• New Dual Tenant Concept | Brand New Lease
• 10-Year NN+ Lease Requiring Minimal Landlord Responsibilities
• Four – (5 Yr) Options | $0.50 Rental Rate Increase
• Located on Highway 22 | Main Retail Artery
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Average Household Income $68,583
• High Traffic Location | 5,338 VPD (Highway 22)
Instate Broker of Record: Brian Brockman | Bang Realty