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Family Dollar | Triple Net (NNN) Lease Investment

$1,492,747

420 South Avalon Street, West Memphis, AR 72301

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

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