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FAMILY DOLLAR | BRANCHLAND, WEST VIRGINIA

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
Six (6) - Five (5) Year
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

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