FAMILY DOLLAR | BRANCHLAND, WEST VIRGINIA
INVESTMENT SUMMARY
Purchase Price
$1,390,000
Location
5732 McClellan Highway
Cap Rate
9.25%
Annual Rent
$128,660.04
Building Size
9,180 SF
Land Area
1.26 Acres (54,886 sf)
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
5.75 Years
LEASE EXPIRATION
09/30/2025
Renewal Options
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2015
APN
r005272
Traffic Counts
6,003 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE GUARANTEED LEASE:
- Approximately 5.25 Years Remaining in the Initial 10 Year Lease Term
- 2015 Upgraded Construction (Brick Front Exterior)
- Six (6) – Five (5) Year Options with 10% Rent Increases
- Subject Property is a Relocation of an Older Family Dollar Location Down the Street
NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES | 20 YEAR ROOF WARRANTY:
- Landlord Responsibilities Limited to Roof and Parking Lot
- Roof is Warranted for a Period of 20 Years
- Tenant is Responsible for Maintaining, Repairing & Replacement of HVAC Units
- Tenant Responsible for Lawn and Landscape Maintenance (Snow & Trash Removal), Repairing Parking Area Lights; and Restriping the Parking Lot
- Tenant is Responsible for Parking Lot Repairs Until the Aggregate Costs Equal $2,500.00 in any Lease Year
RARE CORPORATE GUARANTEE - FAMILY DOLLAR DOLLAR STORES, INC.:
- Lease is Guaranteed by Family Dollar Stores, Inc.
- New Family Dollar Leases are Guaranteed by a Subsidiary of Family Dollar Stores, Inc. – No Longer the Parent Company
PROXIMITY TO OTHER MAJOR CITIES:
- Huntington, West Virginia | 26 Miles – 45 Minute Drive
- Hurricane, West Virginia | 27 Miles – 45 Minute Drive
- Charleston, West Virginia | 46 Miles – 1 Hour, 10 Minute Drive
TENANT:
- Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB-) by Standard & Poor’s
- 15,262 Stores in 48 States as of November 2019
- Ranked #135 on the Fortune 500 List