Family Dollar | Triple Net (NNN) Lease Investment

420 South Avalon Street, West Memphis, AR

   SOLD!   

$1,492,747

Price

6%

Cap Rate

$85,833

NOI

Overview
Cap Rate
6%
NOI
$85,833
Building Size
8,320 sqft
Lot Area
1.96 acres
Lease Type
Triple Net
Year Built
2016
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

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
Documents

Location
Gallery