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