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FAMILY DOLLAR | SARATOGA, WYOMING

Purchase Price
$1,203,700
Location
215 N 1st St
Cap Rate
8.00%
Annual Rent
$96,296.04
Building Size
8,000 SF
Land Area
0.66 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
5 Years
LEASE EXPIRATION
1/31/2031
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
24 Spaces
Year Built
2011
APN
17841144300300
Traffic Counts
3,503 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE GUARANTEED LEASE:

  • Approximately 5 Years Remaining in Existing Lease Term (Lease Exp: 01/31/2031)
  • 2011 Construction - Build-to-Suit Family Dollar
  • 8,000 SF Building | 0.66 Acre Parcel
  • Three (3) - Five (5) Year Option Periods at 10% Rent Increase
 

15+ YEAR OPERATING HISTORY:

  • Family Dollar Has Successfully Operated at this Location Since 2011
  • Tenant Has Exercised the First Two Renewal Options as Per the Lease Agreement (10% Rent Increase) - Requiring No Landlord Concessions
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Structural Portions of the Building, Roof, Parking, Service & Access Areas
  • Tenant Responsible for Maintenance and Repair/Replacement of HVAC Units
  • Tenant Responsible for Maintaining the Existing Landscaping Including Mowing, Snow Plowing, Removing Trash & Debris, and Repairing Parking Area Lights
  • Tenant Responsible for Repairing the Parking Lot
  • Tenant Responsible for the First $5,000 of Asphalt/Concrete Repairs in any Lease Year
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 1,421 Residents
  • 1-Mile Average Household Income: $95,121
  • 3-Mile Population: 1,849 Residents
  • 3-Mile Average Household Income: $97,420
  • 5-Mile Population: 1,948 Residents
  • 5-Mile Average Household Income: $97,996
  • 7-Mile Population: 2,017 Residents
  • 7-Mile Average Household Income: $97,313
 

PROXIMITY FROM SARATOGA, WYOMING:

  • Laramie, WY | 98 Miles
  • Cheyenne, WY | 146 Miles
  • Casper, WY | 152 Miles
  • Fort Collins, CO | 162 Miles
  • Denver, CO | 331 Miles
  • Salt Lake City, UT | 331 Miles

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