Family Dollar

Investment Overview

Fortis Net Lease is pleased to present this 8,320 SF freestanding Family Dollar Store located in Elyria, OH. The property offers a Double Net (NN) lease, leaving minimal landlord responsibilities. There are over Four years of term remaining on the lease with Four, 5-Year renewal options remaining each with a 10% rental rate increase. The lease is corporately guaranteed by Family Dollar which holds a credit rating of "BBB", which is classified as investment grade. The Store has been operating successfully since 2012. This Family Dollar property is highly visible as it is strategically positioned at the intersection of Lake Avenue and Gateway Blvd N which sees over 18,050 Cars Per Day. The Five Mile Population from the site is 108,000+ residents while the Five Mile Average Household Income is $64,690, making this location ideal for a Dollar Store. The subject offering represents an ideal opportunity for a 1031 exchange buyer or "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 proven profitability of the tenant. One of the Nation's top Dollar Stores.

Investment Highlights

• NN Lease Structure | Minimal Landlord Responsibilities.
• 4, 5-Year Options
• 10% Rent Increases at Each Option
• Highly Visible 18,050 Cars Per Day
• 5-Mile Average Household Income of $64,690
• 5-Mile Population of over 108,000 Residents