Branchland, WV - Family Dollar

5732 McClellan Highway, Branchland, WV

$1,513,647

Price

8.5%

Cap Rate

$128,660

NOI

Overview
Cap Rate
8.5%
NOI
$128,660
Building Size
9,180 sqft
Occupancy
100%
Year Built
2015
Description

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a Family Dollar property located in Branchland, West Virginia. Built in 2015, the subject property was a relocation of an existing store down the street demonstrating Family Dollar’s long-term commitment to the Branchland market. In 2018, the subject property underwent extensive renovations at the sole cost and expense of Family Dollar; further demonstrating their commitment to this location. The lease has approximately 6 years remaining in the initial 10-year lease term with six (6) – five (5) year options at 10% rental increase. The NN+ lease has minimal landlord responsibilities that are limited to roof and parking lot – Family Dollar is solely responsible for the repair/replacement of the HVAC and is responsible for the first $2,500.00 in parking lot repairs in any lease year. The lease is guaranteed by Family Dollar Stores, Inc. (NYSE: DLTR) with a credit rating of BBB- from Standard & Poor’s.

The subject property is located on one of the main thoroughfares in town – McClelland Highway – with traffic counts in excess of 7,900 vehicles per day. Branchland is located in Lincoln County which is part of the Huntington-Ashland, WV-KY-OH Metropolitan Statistical Area. Branchland is located 26 miles southeast of Huntington, WV; 27 miles south of Hurricane, WV; and 46 miles west of Charleston, WV. The 7-mile trade area is supported by a population of 11,156 residents with an average household income of $50,700.


Location
Gallery