Family Dollar | 245 N West St
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Family Dollar 245 N West St
8,320 SF Retail Building Wichita, KS 67203 £949,592 (£114/SF) 7% Net Initial Yield
Investment Highlights
- LEADING NATIONAL DISCOUNT RETAILER
- STRONG TRAFFIC COUNTS
- LOW VACANCY MARKET
- PASSIVE NET LEASE STRUCTURE
- RECENT LEASE EXTENSION
- STABLE MARKET
Executive Summary
Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the Family Dollar property located at 245 N West St in Wichita, KS ( “the Property”). The Property features a 8,320 SF building constructed on 0.84 acres.
The Property is subject to a newly executed lease extension, guaranteed by Family Dollar, LLC (“the Tenant”), the leading discount retail operator with 8,359 stores in 48 U.S. states. Family Dollar is a wholly-owned subsidiary of Dollar Tree, the publicly traded entity rated BBB/Stable by S&P Global Ratings. As of 2/2024, Family Dollar reported annual revenue of $13.8 billion - over 45% of Dollar Tree’s system-wide sales
of $30.6 billion.
The Property is subject to a newly executed lease extension, guaranteed by Family Dollar, LLC (“the Tenant”), the leading discount retail operator with 8,359 stores in 48 U.S. states. Family Dollar is a wholly-owned subsidiary of Dollar Tree, the publicly traded entity rated BBB/Stable by S&P Global Ratings. As of 2/2024, Family Dollar reported annual revenue of $13.8 billion - over 45% of Dollar Tree’s system-wide sales
of $30.6 billion.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2014
Price
£949,592
Price Per SF
£114
Net Initial Yield
7%
NOI
£66,471
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
0.84 AC
Zoning
LC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 136-23-0-41-01-001.01 | Improvements Assessment | £155,388 |
| Land Assessment | £29,015 | Total Assessment | £184,403 |
PROPERTY TAXES
Parcel Number
136-23-0-41-01-001.01
Land Assessment
£29,015
Improvements Assessment
£155,388
Total Assessment
£184,403
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Family Dollar | 245 N West St
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