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- LoopNet Team
4902 E Hillsborough Ave
Tampa, FL 33610
Family Dollar · Retail Property For Sale
Investment Highlights
- Free Standing Family Dollar Store
- Great passive investment
PROPERTY FACTS
About 4902 E Hillsborough Ave , Tampa, FL 33610
10,000 square feet free standing Family Dollar store. Original lease started in June 2002. Current lease expires on Dec 31, 2022. New lease starts Jan 1, 2023 until Dec 31, 2027 with two remaining automatic extensions of 5 years each. This is a great passive investment. Tenant pays all utilities, real estate taxes, insurance and responsible for all repairs. Landlord is responsible for roof, AC system and building structure. Rent Schedule: Existing Lease: $96,204 per year exp Dec 31, 2022 New Lease: $84,195 per year starts Jan 1, 2023-25 New Lease: $96,195 per year starts July 1, 2025-27 Family Dollar/Dollar General is a multi-billion dollar company with over 8,000 stores in the United States. The lease is corporately guaranteed by Dollar General Corp which holds a credit rating of BBB which is classified as Investment Grade.
PROPERTY TAXES
| Parcel Number | A-33-28-19-ZZZ-000005-70330.1 | Improvements Assessment | $1,174,571 |
| Land Assessment | $407,250 | Total Assessment | $1,581,821 |
PROPERTY TAXES
