For Sale | Family Dollar Tree NN+ Lease
$2,597,222
250 Cranston Street, Providence, RI 02907
7.2
Cap Rate
10,920 sqft
Details:
Description:
LEASE AND LOCATION HIGHLIGHTS
• 2020 retrofit for Family Dollar Tree
• ±675 Years remaining on an initial 10-Year & Tenant has already signed first 5-year renewal early ( starting in 10.01.2025 )
• Corporately guaranteed lease
• Five, 5-Year renewal options
• 5-Mile population of 410,309 residents
• The subject property comes with a 20-Year roof warranty
• Average household income of $74,526 annually
TENANT HIGHLIGHTS
• Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
• Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales / profitability
• Investment Grade Credit Tenant – S&P Rated BBB
Documents:
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Offering Memorandum
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Location
Gallery
