Family Dollar | Triple Net (NNN) Lease Investment
$1,492,747
420 South Avalon Street, West Memphis, AR 72301
For Sale
Retail
Free Standing
Active
Last Updated: 05/14/2021
6
Cap Rate
85,833
NOI
Details:
Cap Rate: 6%
NOI: $85,833
Building Size: 8,320 sqft
Lot Area: 1.96 acres
Lease Type: Triple Net
Year Built: 2016
Highlights:
- Rare Triple Net (NNN) Family Dollar Lease with 10% Rental Increase in Year 11 of Primary Term
- Corporate Guaranteed Lease - NYSE: (DLTR)
- Rare Brick Construction and Upgraded Landscaping
- Ideal Price Point with Below Market Rent
- Situated at the Intersection of S Avalon Street and W Jackson Avenue with Dual Entrances and a Combined Traffic Count of Over 14,170 VPD
- Strong Demographics With a Population of 35,277 Residents Making an Average Household Income of $55,423 Within a 5-Mile Radius
- Just 10 Minutes From the Southland Casino Racing Center, Which is the Third Largest Employer in West Memphis With 660 Employees
- Due to Its Central Location and Transportation Infrastructure, West Memphis Has Become a Hub For Distribution and Assembly Operations
- West Memphis is Part of the Memphis, TN Metropolitan Area and is Directly Across the Mississippi River From Memphis Just 10-Miles Away
- Nearby Tenants Include: Burger King, Citgo, Walgreens, O'Reilly Auto Parts, KFC, Captain D's, Subway, Kroger, Walmart Supercenter, Applebee's, USPS, Cracker Barrel, Wendy's and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,320 SF Family Dollar Located at 420 S Avalon Street in West Memphis, Arkansas. This Opportunity Includes Over 10 Years Remaining on a Triple Net (NNN) Lease on a High Quality Tenant, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. # PB00085157
Andrew Ackerman - AR Lic. # PB00085157
Documents:
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Offering Memorandum |
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