FAMILY DOLLAR | SARATOGA, WYOMING
INVESTMENT SUMMARY
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
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

