For Sale | Family Dollar Tree NN+ Lease

250 Cranston Street, Providence, RI

$2,597,222

Price

7.2%

Cap Rate

10,920 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
7.2%
Building Size
10,920 sqft
Lot Area
0.57 acres
Year Built
2020
Roof and Structure
Landlord Responsible ( 20-Yr Warranty )
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
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery