Family Dollar
- $1,088,000
Family Dollar
- $1,088,000
Property Highlights
- The subject property has a lower rent which equates to a lower price point of $1,088,000.
- This Family Dollar is located directly off Interstate 80 in Wells, NV. Wells is located in the northeast corner of the state.
- I-80 is a major east-west interstate that connects Wells to Reno, NV.
- Wells High school and elementary school is less than half a mile from this Family Dollar.
- Wells Municipal Airport is located 3 miles from this Family Dollar.
- • Nevada is one of nine income tax free states.
- This Family Dollar has been operating at this location since 2012 and extended the lease for an additional 5 years.
- Family Dollar exercised their first option period in April 2022 which extended the lease through March 2027.
- There are 3 years remaining on a corporate guaranteed NN lease with Dollar Tree.
- This extension speaks to Family Dollar’s confidence and dedication to this market & location.
- Tenant is responsible for Parking Lot Restriping, Landscaping, taxes, Insurance, HVAC, and Utilities.
- There are limited Landlord responsibilities which include Parking Lot, Roof & Structure.
- There are 10% rent increases in each of the remaining four, 5-year option periods.
- Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
- Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
- Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
Details
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Price $1,088,000
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Year Built 2011
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Property Type Single Tenant
Additional Details
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Cap Rate 9.00%
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Rentable Area 8,028
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Lot Size 0.63 AC
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Lease Type NN
Address
Open on Google Maps-
Address: 661 NV-160
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City: Wells
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State/county: Nevada
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Zip/Postal Code: 89048
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