FAMILY DOLLAR | FEDERAL HEIGHTS, COLORADO



INVESTMENT SUMMARY

Purchase Price
$1,445,000

Location
9410 Federal Boulevard

Cap Rate
7.23%

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

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)