Family Dollar 2 Years Remaining High Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30590264
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 9,100 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $1,125,000
Unit Price: $123.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 11/29/2020

Overview / Comments

We are pleased to present this NN Family Dollar for sale in Louisville, KY. The store was built in 2012 and currently has a lease through January 31, 2022 with 5 5-year options coming up. This is priced attractively at an 8.00% cap rate leaving the opportunity for an investor to take advantage of the rent increase in the option periods.

NN Family Dollar
Year of Construction: 2012
Lease Expiration: Jan. 31, 2022
Annual Rent: $90,000
Five 5-Year Options
Dense Location in Top 50 MSA (Louisville, KY)

Current Tenants

Tenant Business Name Family Dollar
SF of Space Occupied 9,100 SF
Lease Expiration 1/2022

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 101305070000
Zoning: OTHER
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Cane Run Rd
Area Description: This Family Dollar is located in Louisville, Kentucky which boasts an MSA population of over 1.3M people. The property is conveniently located along Kristin Way and Cane Run Road with traffic counts of 26,424 VPD. The University of Louisville is located just 5 miles east of this property. This is an urban location that is surrounded by dense residential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2012
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,335 81,471 227,739
Median Age: 37.78 37.11 36.36
Households: 4,075 32,921 92,808
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