Family Dollar | 1139 W Market St
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Family Dollar 1139 W Market St
8,320 SF Retail Building Warren, OH 44485 $1,771,837 CAD ($213 CAD/SF) 8% Cap Rate
Investment Highlights
- Ranked in the top 6% of all Family Dollars nationwide (according to Placer.Ai)
- Tenant recently extended their lease to a new full 10-year term, proving their long term commitment to the location
- Family Dollar has successfully operated at this location for 12 years
- 2012 build to suit for Family Dollar
- Strong corporately guaranteed lease
- Four, 5-Year renewal options remaining; all of which includes a 23% increase in O1 and 10% in options 2-4
Executive Summary
3-Mile population of ±40,537 residents. 5-Mile population of ±70,492 residents. ±13,751 vehicles daily at the intersection of W Market St. Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability. Investment Grade Credit Tenant – S&P Rated BBB.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2012
Price
$1,771,837 CAD
Price Per SF
$213 CAD
Cap Rate
8%
NOI
$141,747 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.69 AC
Zoning
C - Commercial
Parking
30 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $235,087 CAD | |
| Land Assessment | $75,275 CAD | Total Assessment | $310,361 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$75,275 CAD
Improvements Assessment
$235,087 CAD
Total Assessment
$310,361 CAD
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Family Dollar | 1139 W Market St
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