2023 BTS Family Dollar Store

Highlights:

• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• 7.75 Years Remaining on Primary Term
• 2023 BTS Construction | Opened in December 2023
• Four (5 Year) Options | $0.50 PSF Rental Rate Increase
• Across From a Casey's & Gas Station
• Corporate Guaranty
• 4,414 Cars Per Day on 2nd Avenue
• 3 Points of Ingress/Egress | Accessible from 1st & 2nd Avenue
• 3 Mile Average Household Income $74,225
• 10 Mile Population 5,802

Description:

We are pleased to present this 10,500 SF. freestanding Family Dollar store located in Sibley, Iowa. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a$0.50 PSF rental rate increase. The lease has a corporate guaranty. The store has completed construction & successfully opened for business in December 2023!

This Family Dollar store is highly visible as it is strategically positioned between 1st Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's & gas station. The ten mile population from the site is 5,802 while the three mile average household income is $74,225 per year, making this location ideal for a Family Dollar | Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 9.50% cap rate based on NOI of $116,550.

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