Family Dollar Tree | Combo Store | 616 KY HWY 39 hwy
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Family Dollar Tree | Combo Store 616 KY HWY 39 hwy
10,500 SF Retail Building Crab Orchard, KY 40419 $2,323,022 CAD ($221 CAD/SF) 7.40% Cap Rate
Investment Highlights
- New Dual Tenant Concept | Brand New Lease
- The Store is Positioned On Main St | Highest Traf?cked Road
- Four- (5 Yr) Options | $0.50 Rental Rate Increase
- Combo Stores See 20% Increase in Revenue!
- 10-Year NN Lease Requiring Minimal Landlord Responsibilities
- Three Mile Average Household Income of $49,665
Executive Summary
Fortis Net Lease is pleased to present this brand new built-to-suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Crab Orchard, KY. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Store is highly visible as it is strategically positioned on the corner of Main St and Hwy 39, which is a high-trafficked intersection in Crab Orchard. The five-mile population is 3,489 with a three-mile average household income of $49,665. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The list price reflects a 7.40% cap rate based on NOI of $121,275.
This Store is highly visible as it is strategically positioned on the corner of Main St and Hwy 39, which is a high-trafficked intersection in Crab Orchard. The five-mile population is 3,489 with a three-mile average household income of $49,665. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The list price reflects a 7.40% cap rate based on NOI of $121,275.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$171,904
|
$16.37
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $171,904 |
| Annual Per SF | $16.37 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$2,323,022 CAD
Price Per SF
$221 CAD
Cap Rate
7.40%
NOI
$171,904 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
10.14 AC
Zoning
AG
Frontage
150 ft on KY Hwy 39
Amenities
- Corner Lot
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dollar Tree
- Retailer
- 10,499 SF
- $16.37 CAD
- Net
- Oct 2033
- Family Dollar
- Retailer
- 1 SF
- $0.01 CAD
- Net
- Oct 2033
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Dollar Tree | Retailer | 10,499 SF | $16.37 CAD | Net | Oct 2033 | |
| Family Dollar | Retailer | 1 SF | $0.01 CAD | Net | Oct 2033 |
PROPERTY TAXES
| Parcel Number | 089-04-11-003.00 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $9,854 CAD (2024) | Total Assessment | $9,854 CAD (2024) |
PROPERTY TAXES
Parcel Number
089-04-11-003.00
Land Assessment
$9,854 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$9,854 CAD (2024)
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Family Dollar Tree | Combo Store | 616 KY HWY 39 hwy
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