Investment Overview
Listing Price $685,000
NOI $65,100
Cap Rate 9.5%
Investment Highlights
- Family Dollar has operated at this location since 1999.
- The current lease term extends until June 30, 2029, with five years remaining.
- The tenant recently exercised their first 5-year renewal option, with three additional 5-year renewal options remaining.
- The building, approximately 9,000 square feet, was recently renovated in 2023.
- The property sits on a lot of approximately 0.767 acres.
- The landlord is responsible for the roof, structure, and parking lot maintenance.