FAMILY DOLLAR | ATLANTA , GEORGIA
INVESTMENT SUMMARY
Purchase Price
$2,412,818
Location
226 Ralph David Abernathy Blvd
Cap Rate
5.75%
Annual Rent
$138,737.04
Building Size
8,000 SF
Land Area
0.91 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8 Years
LEASE EXPIRATION
06/30/2029
Renewal Options
RENT INCREASES
CPI Every 3 Years (6% Max)
Parking
27 Spaces
Year Built
2015
APN
14-0075-0001-158-6
Traffic Counts
10,604 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR LEASE:
- Approximately 8.25 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - 8,000 SF
- Six (6) - Five (5) Year Option Periods
- Upgraded Brick Construction
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
RARE LEASE STRUCTURE - RENT INCREASES EVERY 3 YEARS:
- CPI-Based Rental Increases Every 3 Years During Initial Lease Term and Option Periods
PROXIMITY TO OTHER MAJOR CITIES:
- Marietta, Georgia | 20 Miles
- Alpharetta, Georgia | 26 Miles
- Athens, Georgia | 72 Miles
- Columbus, Georgia | 107 Miles
- Chattanooga, Tennessee | 118 Miles
- Charlotte, North Carolina | 245 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 17,974 Residents
- 1-Mile Average Household Income = $54,978
- 1-Mile Annual Population Growth = 2.57% (12.85% Over the Next 5 Years)
- 3-Mile Population = 161,680 Residents
- 3-Mile Average Household Income = $79,313
- 3-Mile Annual Population Growth = 2.07% (10.35% Over the Next 5 Years)
- 5-Mile Population = 347,512 Residents
- 5-Mile Average Household Income = $93,063
- 5-Mile Annual Population Growth = 1.91% (9.55% Over the Next 5 Years)
TENANT:
- Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB) by Standard & Poor's
- 15,685 Stores Across 48 States and Five Canadian Provinces as of December 31, 2020
- Ranked #131 on Fortune 500 List
CREDIT RATING UPGRADE - DECEMBER 2020:
- Standard & Poor's Recently Upgraded Dollar Tree's Credit Rating to BBB
- Standard & Poor's Credits the Upgrade to Dollar Tree's Resilient Performance Throughout 2020's Government-Imposed Shutdowns, its Aggressive Debt Reduction Since Acquiring Family Dollar in 2015, and its Ongoing Store Renovations and Merchandising Improvements