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Building Size
11,600 SF +/-
Parcel Size
0.81 Acres +/-
Sale Price
$1,475,000
Location Highlights
The Family Dollar Tree combo stores have proven 20% higher sales volume than non co-branded stores. Dollar Tree acquired Family Dollar in 2015, and is the second largest discount retailer in the United States with over 16,000 locations. Investment Grade credit rating of BBB.
Description
- Tenant: Family Dollar Stores, Inc.
- NN Lease with limited landlord responsibilities (roof, structure, and parking lot)
- 8 years remaining with 7.5% rent increase in 2027
- Five, 5-year renewal options with rent increases of $0.50PSF at each option
- Strong Corporate Guaranty
- Average household income $52.7k
- Subject property is 15 minutes from the Missouri River with several vacation homes and campsites, and 54.3 miles west of Yankton, SD
