FAMILY DOLLAR | FEDERAL HEIGHTS, COLORADO

Purchase Price
$1,607,692
Location
9410 Federal Boulevard
Cap Rate
6.50%
Annual Rent
$104,500.08
Building Size
8,000 SF
Land Area
1.21 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
4 Years
LEASE EXPIRATION
01/31/2025
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
33 Spaces
Year Built
2011
APN
0171920101021
Traffic Counts
33,000 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 2011 Construction - 8,000 SF
  • 4 Years Remaining in the Lease Term
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

RECENT H2 REMODEL:

  • Tenant Will Be Renovating the Store Into the H2 Prototype
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure and Parking Lot
  • Tenant is Responsible for Maintaining, Repairing & Replacement of HVAC Units
  • Tenant is Responsible for Lawn and Landscape Maintenance Including Mowing, Snow Removal, Ice Removal, Trash Removal, Repairing Parking Area Lights and Restriping the Parking Lot
  • Tenant is Responsible for Asphalt/Concrete Repairs Made to the Parking, Service & Access in Any Lease Year up to $2,000 Per Year
  • Tenant Reimburses Property Taxes in Full - Every Month Tenant Pays Landlord 1/12 of the Prior Year Amount and Reconciles with Landlord in Full at the End of the Year
  • Tenant Reimburses Insurance in Full - Every Month Tenant Pays Landlord 1/12 of the Prior Year Amount and Reconciles with Landlord in Full at the End of the Year
 

ABOVE AVERAGE RENT INCREASES:

  • 10% Rental Increases in Option Periods
  • New Family Dollar Leases Have Only 5% Rental Increases in Options
 

RARE CORPORATE GUARANTEE - FAMILY DOLLAR STORES, INC.:

  • Lease is Guaranteed by Family Dollar Stores, Inc.
  • The Majority of New Family Dollar Leases are Guaranteed by a Subsidiary of Family Dollar Stores, Inc. - No Longer the Parent Company
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 24,310 Residents
  • 1-Mile Average Household Income = $82,733
  • 1-Mile Annual Population Growth = 1.23% (6.16% Over the Next 5 Years)
  • 3-Mile Population = 155,568 Residents
  • 3-Mile Average Household Income = $97,988
  • 3-Mile Annual Population Growth = 1.14% (5.70% Over the Next 5 Years)
  • 5-Mile Population = 350,594 Residents
  • 5-Mile Average Household Income = $102,204
  • 5-Mile Annual Population Growth = 1.14% (5.74% Over the Next 5 Years)

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