Family Dollar- 9% CAP - Atlanta | 5403 Old National Hwy
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Family Dollar- 9% CAP - Atlanta 5403 Old National Hwy
10,080 SF Retail Building Atlanta, GA 30349 £1,128,134 (£112/SF) 9% Net Initial Yield
Investment Highlights
- Family Dollar corporate store with nearly 4 years of term left, and 5 x 5 year options, along with 7.5% rental increases each option period
- NN lease with the tenant responsible for the HVAC, parking lot, and more - parking lot resealed and restriped in 2024
- Proximity to major highways such as I-285 and I-85 ensures easy access to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport
- Offered at a 9% CAP and low rent at only $12.75 per square foot.
- Great Visibility with 42,202 vehicles passing per day on Old National Highway
- Average 1-mile household income of $65,906 and is expected to increase by 22.3% in the next 5 years
Executive Summary
The Family Dollar property benefits from having excellent visibility and accessibility due to its prime location on a major thoroughfare near key highways and the world's busiest airport. Family Dollar has been at this location since 2013, exercised their first option early, with approximately 4 years of lease term left, and 5 x 5 year options with 7.5% increases each option period.
Situated in a busy retail corridor, it benefits from high foot traffic and a diverse customer base. The area’s mixed-income demographics align well with Family Dollar's target market, and the high population density ensures a steady stream of customers, making it a strategically advantageous location.
While there are approximately 4 years left on the lease, we are told Family Dollar would consider closing the store by making a lump sum payment to the landlord.
The area is improving as the average household income within 1 mile is expected to grow by over 22% in the next five years. There are currently over 159,000 people living within 5 miles, with a daytime population over 175,000.
Situated in a busy retail corridor, it benefits from high foot traffic and a diverse customer base. The area’s mixed-income demographics align well with Family Dollar's target market, and the high population density ensures a steady stream of customers, making it a strategically advantageous location.
While there are approximately 4 years left on the lease, we are told Family Dollar would consider closing the store by making a lump sum payment to the landlord.
The area is improving as the average household income within 1 mile is expected to grow by over 22% in the next five years. There are currently over 159,000 people living within 5 miles, with a daytime population over 175,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,080 SF
Building Class
B
Year Built
2013
Price
£1,128,134
Price Per SF
£112
Net Initial Yield
9%
NOI
£101,532
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.20 AC
Zoning
C1 - Commercial
Parking
50 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
259 ft on Old National Hwy
Amenities
- Bus Route
- Signage
PROPERTY TAXES
| Parcel Number | 13-0068-LL-161-3 | Improvements Assessment | £362,561 |
| Land Assessment | £144,292 | Total Assessment | £506,854 |
PROPERTY TAXES
Parcel Number
13-0068-LL-161-3
Land Assessment
£144,292
Improvements Assessment
£362,561
Total Assessment
£506,854
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Family Dollar- 9% CAP - Atlanta | 5403 Old National Hwy
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