Family Dollar on 23rd

Investment Overview

Investment opportunity featuring a long-standing Family Dollar location with an established operating history. The property is leased to Family Dollar under a modified-net lease structure, with the tenant responsible for utilities, interior maintenance and certain real estate tax increases. The lease provides an established national retail tenant while allocating certain major building and capital responsibilities to the landlord

Investment Highlights

• Family Dollar pays 50% of the increase in real estate taxes over the 1988 Base Year taxes.
• Tenant: Responsible for interior maintenance and repairs, including plumbing, electrical and HVAC systems, subject to the lease's exceptions.
• Landlord: Responsible for the roof, exterior walls, gutters/downspouts and structural portions of the premises.
• The landlord is also responsible for certain major repairs/replacements, including major HVAC-related items as provided by the lease.
• Landlord: Maintains property/fire and casualty insurance on the premises.
• Tenant: Maintains its required public liability insurance.
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