Overview

Description

• Tenant recently executed a brand-new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• In 2015 leading operator of discount variety stores, Dollar Tree, Inc. acquired Family Dollar Store, Inc. creating a combined organization with sales exceeding$19 Billion annually and over 145,000 associates
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction featuring high quality materials, distinct design elements, and high level finishes

• Strategically fronting U.S. Highway 19E which averages 7,700 VPD
• Near to Cloudland High School (249-students), providing a direct consumer base from which to draw
• Limited compeition as there is only one other discount store serving the immediate trade area
• The asset has excellent visibility via significant street frontage and multiple points of access

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