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Family Dollar 8490 State Rout 10

10,119 SF Retail Building Branchland, WV 25506 £479,679 (£47/SF) 12% Net Initial Yield

Investment Highlights

  • Net Lease - Limited Landlord Responsibilities
  • Excellent Access & Visibility Along Primary Thruway - State Highway 10 - 6,900+ VPD
  • High Residual Value with Below Market Rent PSF - $7.25 Rent PSF
  • Best-in-Class Tenant with Investment Grade Parent - Dollar Tree, Inc. - BBB/Stable S&P Credit Rating
  • Strong Synergy with Neighboring USPS Office - The Next Closest USPS Office is Nearly 4 Miles South
  • Huntington-Ashland MSA Acquisition Opportunity - 20 Miles South of Huntington - 2nd Largest City in West Virginia

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Family Dollar asset located in Branchland, WV (the “Property”). The Property consists of a 10,119-square-foot freestanding retail building on 1.48-acres of land. Family Dollar operates under a net lease with limited landlord responsibilities, providing potential investors with a passive income investment asset. The lease is corporately guaranteed by Family Dollar Stores, Inc. See the lease abstract for full details.

Attachments

Download offering memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,119 SF
Building Class
B
Year Built
2015
Price
£479,679
Price Per SF
£47
Net Initial Yield
12%
NOI
£57,562
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.48 AC
Zoning
C - Commercial
Parking
36 Spaces (3.56 Spaces per 1,000 SF Leased)
Frontage
259 ft on State Highway 10

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 07 1501040000
  • 07 1500330000
 Improvements Assessment £37,416
Land Assessment £24,850 Total Assessment £62,266

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07 1501040000
  • 07 1500330000
Land Assessment
£24,850
Improvements Assessment
£37,416
Total Assessment
£62,266
(404) 823-6754 x759

  • Listing ID: 32378059

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 8490 State Rout 10, Branchland, WV 25506

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© 2024 CoStar Group

Family Dollar | 8490 State Rout 10
(404) 823-6754 x 759

Family Dollar | 8490 State Rout 10

Jason Powell

(404) 823-6754

x759

(404) 823-6754 x759

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