For sale Exclusive Investment Offering for a single tenant convenience store building leased to Family Dollar. For more information contact the listing agent. Joshua Berger joshua.berger@e.kidder.com (310) 300-8319

Posted: 02/24/2021 3:50 pm | On HOMEiZ: 1156 days | Updated: 3 years ago | Views: 1491

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2000000

Last Sold Price

$2000000

Last Sold Date

02/24/2021

Property Location & Description

Listing Headline

For sale Exclusive Investment Offering for a single tenant convenience store building leased to Family Dollar. For more information contact the listing agent. Joshua Berger joshua.berger@e.kidder.com (310) 300-8319

Property Description

This opportunity consists of a freestanding building leased to Family Dollar and is located adjacent to other national tenants along a major thoroughfare. 30408 Mt Vernon Rd will provide an investor the opportunity to acquire a 8,400 SF building on 35,308 SF of land.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

8000

Credit Rating

Baa2

Total Revenue

23.83 billion

Net Worth

1.5 billion

Headquarters

10401 Monroe Road, P.O. Box 1017, Charlotte, NC 28201

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Number of Tenants

Corporate Overview

Stock Symbol

FDO

Property Overview

Year built

2016

Overall Property Condition

Very good

Construction Status

Exist

Total Building Sq. Ft.

8400

Total Lot Size

35308 Sq. Ft.

Net Leasable Area

8400 Sq. Ft.

Parking Type

Off-street

Assigned Parking

Distressed

Number of Floors

Income

Commission split %

Contact listing agent%

Price per Sq. Ft.

$238

Cap Rate

6.35%

NOI

$127000

Rent to sales ratio

No Data%

Annual Property Tax Rate for this property

0.77%

Responsibility for Property Tax increase

Tenant

Lease overview

Lease Remaining Years

years: 10

Renewal Options

No Data

Annual Rent Increase %

No Data%

Sales Report Available

Do not know

Roof & Structure Responsibility

Tenant

Options to Purchase

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

Highlights

Corporate signed lease guaranteed by Family Dollar

Absolute net lease with zero landlord responsibilities

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2625

Sold

For Sale

$2,000,000

Listing Presented by

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30408 Mount Vernon Road 1, West Princess Anne . Princess Anne , MD 21853