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Family Dollar 901 W Front St

9,180 SF Retail Building Iva, SC 29655 £781,500 (£85/SF) 8.35% Net Initial Yield

Investment Highlights

  • 2005 built to suit construction for Family Dollar
  • 10-mile population of 20,406 residents
  • Extremely strong corporately guaranteed lease
  • 5-mile population of 7,062 residents
  • Tenant has exercised multiple options, showing a long-term commitment to the site
  • Three, five-year options, all of which include attractive rental increases

Executive Summary

Broker of Record | Kyle Matthews | License No. 22684 (SC)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
C
Year Built
2005
Price
£781,500
Price Per SF
£85
Net Initial Yield
8.35%
NOI
£65,255
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
0.79 AC
Zoning
C - Commercial
Parking
30 Spaces (3.26 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Double Net
  • Jun 2021

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 - - Double Net Jun 2021

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
133-02-02-001
Land Assessment
£6,141
Improvements Assessment
£43,340
Total Assessment
£49,481
  • Listing ID: 30614121

  • Date on Market: 09/01/2024

  • Last Updated:

  • Address: 901 W Front St, Iva, SC 29655

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