Overview

Description

Fortis Net Lease is pleased to present this brand new built-to-suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Crab Orchard, KY. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.

This Store is highly visible as it is strategically positioned on the corner of Main St and Hwy 39, which is the high-trafficked intersection in Crab Orchard. The five-mile population is 3,489 with a three-mile average household income of $49,665. These numbers are above average for the typical Dollar Store.

This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The list price reflects a 7.30% cap rate based on NOI of $121,275.


Crab Orchard Kentucky is an eastern Lincoln County town about ten miles southeast of Stanford. It was named for a stand of crab apple trees by Henry Long Hunter Skaggs. Crab Orchard was near the end of the Logan Trace off of Skaggs Trace and was an early pioneer station. There are several mineral springs in the area and from 1827 until 1922 taverns and hotels were located at Crab Orchard Springs.

Crab Orchard Springs became noted for its hospitality. During the century from 1830 to 1930, Crab Orchard Springs offered mineral waters and a gala social season to its guests, who often numbered more than 400 each night. Historical Marker #152 in Crab Orchard notes the popular mineral springs resort that operated there for almost one hundred years.

Highlights

• New Dual Tenant Concept | Brand New Lease
• Combo Stores See 20% Increase in Revenue!
• The Store is Positioned On Main St | Highest Trafficked Road
• 10-Year NN Lease Requiring Minimal Landlord Responsibilities
• Four- (5 Yr) Options | $0.50 Rental Rate Increase
• Investment Credit Tenant | Standard & Poor's: 'BBB'
• Three Mile Average Household Income of $49,665
• The Store Out Positions Other Retailers | Corner Location

Documents

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