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Family Dollar Tree | Low Rent & Price Point 13414 Riverside dr

16,563 SF Retail Building Oakwood, VA 24631 £895,890 (£54/SF) 8% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Low Rent & Price Point
  • 9 Year Corporate Lease
  • Nearby National retailers
  • Investment Grade Tenant (S&P: BBB)
  • Near Princeton, WV | County Seat of Mercer Coounty

EXECUTIVE SUMMARY

LOW RENT PRICE POINT
• The subject property has a lower rent which equates to a low price point of $1,175,000.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
8 YEAR CORPORATE LEASE
• Family Dollar Tree renovated & backfilled a former Save A-lot and signed a new 10 year lease that commenced in January 2023.
• There are approximately 8 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree.
• Tenant is responsible for Routine Parking Lot Maintenance, Taxes, Insurance, HVAC, Utilities, and Landscaping.
• The Landlord responsibilities include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Five, 5-year option periods.
NEAR PRINCETON, WV | COUNTY SEAT OF MERCER COUNTY
• This Family Dollar Tree is located 1.5 hours west of Princeton, WV.
• Princeton is the county seat of Mercer County and located directly off Interstate 77 (27,829 VPD)
• National Retailers in Princeton include Lowe’s Home Improvement, Kroger, Walmart, Big Lots, and more.
• Princeton Community Hospital is a leader in the region for medical care with 267 beds, 160 doctors, and 1,097 employees.
NEARBY NATIONAL RETAILERS
• National retailers in a 5 mile radius includes Tractor Supply, Food City, McDonalds, Dairy Queen and more.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
16,563 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
£895,890
Price Per SF
£54
Net Initial Yield
8%
NOI
£71,671
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
2.00 AC
Frontage
335 ft on Anchorage Circle

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Wheelchair Accessible
  • Listing ID: 32095813

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 13414 Riverside dr, Oakwood, VA 24631

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