Family Dollar | DollarTree Combo | 709 N Court St
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Family Dollar | DollarTree Combo 709 N Court St
12,000 SF Retail Building Grayville, IL 62844 £737,592 (£61/SF) 8.50% Net Initial Yield
Investment Highlights
- The Store is Positioned On New Jackson Hwy | Highest Traf?cked Road
- Three Mile Average Household Income of $68,644
- Combo Stores See 20% Increase in Revenue!
- 10-Year NN Lease Requiring Minimal Landlord Responsibilities
- New Dual Tenant Concept | Brand New Lease
- The Store Out Positions Other Retailers
Executive Summary
Fortis Net Lease is pleased to present this retro?t 12,000 SF Dollar Tree & Family Dollar Hybrid store located in Granville, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classifed as investment grade.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-trafficked road in Grayville. The five-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ? financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price refects a 8.50% cap rate based on NOI of $80,040.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-trafficked road in Grayville. The five-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ? financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price refects a 8.50% cap rate based on NOI of $80,040.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
£737,592
Price Per SF
£61
Net Initial Yield
8.50%
NOI
£62,695
Tenancy
Single
Number of Floors
1
Building FAR
0.33
Lot Size
0.83 AC
Zoning
C-1 - Commercial
Frontage
167 ft on N Court St
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dollar Tree
- Retailer
- 12,000 SF
- £5.22
- NNN
- Dec 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Dollar Tree | Retailer | 12,000 SF | £5.22 | NNN | Dec 2034 |
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Family Dollar | DollarTree Combo | 709 N Court St
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