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Family Dollar 8709 KY-7

8,320 SF Retail Building Viper, KY 41774 £825,485 (£99/SF) 9.25% Net Initial Yield

Investment Highlights

  • 5 Years Remaining
  • NNN Lease Structure, 5% Increases Every 5 Years in Options
  • ZERO Dollar Store Competition within an 15-minute Drive Radius
  • 2019 Construction
  • True Corporate Guarantee from Family Dollar Stores, Inc (S&P BBB Credit)

Executive Summary

With a strategic focus on accessibility, Family Dollar strategically situates its stores in various locations, including rural areas, small towns, and large urban neighborhoods. This widespread presence, whether in shopping centers or as standalone establishments, ensures convenience for its diverse customer base. Following its acquisition by Dollar Tree in 2015, Family Dollar has been part of a larger retail conglomerate headquartered in Chesapeake, Virginia. The union with Dollar Tree has bolstered its position in the discount retail market, allowing for synergistic opportunities, expanded customer reach, and enhanced financial performance, thereby solidifying its status as a leading discount retailer in North America.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
£825,485
Price Per SF
£99
Net Initial Yield
9.25%
NOI
£76,357
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
2.18 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • £9.17
  • NNN
  • Mar 2029

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - £9.17 NNN Mar 2029

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
169-00-00-035.04
Land Assessment
£226,911
Improvements Assessment
£625,960
Total Assessment
£852,871
  • Listing ID: 31268426

  • Date on Market: 19/03/2024

  • Last Updated:

  • Address: 8709 KY-7, Viper, KY 41774

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