• An Award Winning Net Lease & Retail Commercial Real Estate Group

Family Dollar Net-Lease Wellsville

1230 Main St, Wellsville, OH 43968, USA
$686,812

Description

Marcus & Millichap is pleased to present for sale, this Net Leased Family Dollar located at 1230 Main Street, Wellsville, Ohio in Columbiana County, just a short 60 minute drive North West of downtown Pittsburgh, PA. which is along the Ohio River separating the States of Ohio and West Virginia. The subject property consists of 8,000 square feet that is situated on a 1.0 acre parcel of land fronting Main Street the main corridor of Wellsville. There is not direct competition and there are over 20,000 full time residents in the market area. There are close to three years remaining, of the second, exercised Option Period, on this double-net (NN) lease where the landlord is responsible for roof and structure and a few more minimal items as outlined on page nine. The offering provides a flat initial term with 10 percent increases during the four five-year option periods. Family Dollar has previously, extended the lease term, twice for an additional five years each, reiterating their commitment to the location and market. To the benefit of the Landlord there is a 3 percent of Rent Clause on sales above $1,666,666. Family Dollar is one of the fastest growing discount store chains in the United States. Their merchandising strategy is what drives their growth and provides customers with attractive values on basic goods for the family and home in a small-box, neighborhood format. For over 50 years, Family Dollar has provided customers with value and convenience. Dollar Tree officially acquired Family Dollar for $8.5 Billion, combining for over 13,600 stores in 48 states and five Canadian Providences with sales of over $18 Billion.

 

■ NATIONAL TENANT WITH STRONG FINANCIALS: BB+ CREDIT RATING
■ JUST UNDER 3 YEARS REMAINING ON LEASE
■ 10 PERCENT INCREASES IN OPTION PERIODS
■ LIMITED COMPETITION IN AREA

  • City: Wellsville
  • State/county: Ohio
  • Zip/Postal Code: 43968
  • Country: United States

Detail

  • Price: $686,812

Additional details

  • CAP Rate: 8.75%
  • NOI: $60,096

Features