Family Dollar – SOLD

This BTS Family Dollar has 8.6 years remaining on its corp. guaranteed 15 yr. Abs. NNN lease. A rare 10 % rental increase beginning in year 11 (2026) to $ 126,860.80 / yr. A 6.75 Cap Rate for years 11 - 15. Dollar Tree, Inc. (NASDAQ: DLTR, S&P BBB- & Fortune # 137) boasts a market cap of $ 32.4B. Location passes over 6700 VPD and serves as a feeder to downtown Augusta. An E-commerce, economic recession, market crash, credit crisis and COVID proof investment most capable of multi-generational income. 67 % of the households within 3 Miles earn < $ 50,000 / yr making this asset type an ideal income demographic match (CREXi). This corp guaranteed 15 Yr. Abs. NNN lease has (6) Five year extension periods with 10 % rental increases capping at $ 224,742 / yr. Nearly 61,000 people live within 3 miles and the area has a HH income growth of 4 % (CREXi). Foot traffic for zip code 30904 has increased by 12 % (CREXi). Excellent for a 1031 tax deferred exchange replacement property or for a self-funded acquisition preserving a long-term stable income. Dollar Tree, Inc. acquired Family Dollar in 2015 and now operates more than ± 16,000 stores across 48 states and five Canadian Provinces. DT is North America’s largest operator of discount stores. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, and Family Dollar