Family Dollar STNL Investment Opportunity!
Four (4) Years, Nine (9) Months Remaining on Family Dollar Lease! Currently paying $84,000/yr. through 12/31/2028 Three, five (5) year options breakdown: First Option 1/1/2029: 1/1/2024: $7,542.34/month ($90,508.08/ann.) Second Option 1/1/2034: $8,296.59/month ($99,559.08/ann.) Third Option 1/1/2039: $9,126.25/month ($109,515.00/ann.)
| Property Type | Retail |
|---|---|
| Cap Rate Percentage | 9.88 |
| Listing ID | W8RWBG |
| MLS ID | 688831 |
| Style | Other Style |
| Building Size | 8,000 SF |
| Lot Size | 0.67 AC |
Property Highlights
Convenient ingress/egress at signaled intersection
Landlord responsible for roof, structure, and capital expenses.
Current term expires 12/31/28 with three, five (5) year options
Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity.
50 free surface parking spaces.
10% Increases with each Renewal Term
Property Features| Location: | Located at the busy intersection of Miles Avenue and 93rd Street, this Family Dollar is immediately surrounded by six churches, an elementary school, the Cuyahoga Housing Authority, and various industries all of which drive up traffic throughout the day. Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. |