presented by christian s. marabella 10/18/2016 marabella ... · pdf filethe subject property...

Prepared for 4/23/2018

(760) [email protected]

Properties for Sale

Presented by Christian MarabellaMarabella Commercial Finance, Inc

Price $1,674,075

Gross Leasable Area 8,320 SF

Cap Rate 6.75%

Property Sub-type Freestanding

Status Active

Property Notes

Call, text or email Christian Marabella to put inanofferonthisproperty at (760) [email protected]

1 2981 W Charleston Park Ave, Pahrump, NV 89048

Sale Notes

Family Dollar W. Charleston Park, Pahrump, Nevada

This highly visible newly constructed Build to Suit for Family Dollar is well situated to benefit from existing population and further growth of this 36,000+ personcommunity.

Situated on the southeast corner of Charleston Park Avenue & Barney Street, this Family Dollar services the western portion of Pahrump.

Property Description

Brand new Family Dollar Store with 9+ years left on the lease. It opened early 2017.

Price $1,826,143


Cap Rate 7.00%


Status Active

Property Notes


2 6800-6814 S Ashland Ave, Chicago, IL 60636

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 6800 South Ashland in Chicago, Illinois. The property consists of10,342 square feet of building space and is situated on approximately 0.43 acres of land. This Family Dollar Property is subject to a 10-year double-net (NN)lease. The current annual rent is $127,830. The lease is subject to 10 percent rental increases in each option period.


This Family Dollar is located at 6800 South Ashland in Chicago, Illinois. Chicago is the largest city in the state of Illinois and the third most populous city in theU.S. The city has approximately 2.7 million residents. The subject property is located 10 miles south of Downtown Chicago.

Surrounding Retail and Points of InterestThe subject property is located within a dense retail corridor, benefiting from the several major national and regional tenants in the nearby area. McDonald’s,Ace Hardware, KFC, Wendy’s, Bank of America, Dollar General, USPS, GameStop, and several others are in the nearby area. Additionally, this Family Dollarproperty will benefit from the nearby residential area. There are several schools, such as Harper High School and Claremont Academy Elementary School, arelocated within two miles of the subject property and have a total combined enrollment of over 1,000 students. Chicago Midway International Airport, the 30thbusiest airport in the United States, is located five miles west of the subject property.

Traffic Counts and DemographicsChicago has approximately 345,694 individuals residing within a three-mile radius of the property and more than 811,668 within a five-mile radius. The FamilyDollar property is located on the corner of 68th and Ashland Avenue. Ashland Avenue has traffic counts of roughly 27,300 vehicles per day. The Family Dollarproperty is located approximately two miles west of Interstate-94, which has a average daily traffic count of 318,200 vehicles.

Chicago, IllinoisChicago is the third largest city in the United States as well as the county seat of Cook County. Located where the Chicago River meets Lake Michigan, Chicagois known as the “Windy City” due to the weather caused by the nearby bodies of water. Chicago is has the second largest business district in the nation andhas the most balanced economy in the nation. Multiple Dow 30 companies are based in the Chicago Metropolitan Area, such as Boeing, Sears, Kraft, andMcDonald’s. Every year, over 50 million people visit the city. With two-time World Series winners the Chicago Cubs, the six-time Stanley Cup winning ChicagoBlackhawks, and six-time NBA championship winning Chicago Bulls, the city has a tradition of excellence in all sports. Chicago is also home to severaluniversities such as Northwestern University, University of Chicago, the Art Institute of Chicago, DePaul University, and several others with a combined totalenrollment of over 60,000 students.

Price $2,037,200


Cap Rate 5.75%


Status Active

Property Notes


3 9630 Mesa Dr, Houston, TX 77078


Single-tenant Family Dollar in Houston with a 15-year absolute NNN lease. The store opening/rent commencement was February 8, 2018. The lease has a five(5) percent rental increase in year 10 and then five (5) percent bumps for each of the six (6) five year options. There are approximately 170 Family Dollarstores in greater Houston. Houston is a top-performing market for the chain. This Family Dollar benefits from easy ingress/egress onto Mesa, and a handsome,high-impact signage package that also includes a pylon sign. There are 33 dedicated parking spots on the property.

The subject property is on Mesa Drive, just off the iconic intersection of Mesa and Tidwell Road in the heart of East Houston, inside Beltway 8. Mesa is a 6-lanethoroughfare with average daily traffic counts exceeding 17,000 VPD. There are nearly 50,000 people within a 3-mile radius of the site and more than 134,000within a 5-mile radius.

Price $1,409,000


Cap Rate 6.50%


Status Active

Property Notes

4 138 S Pioneer Dr, Abilene, TX 79605


The subject property consists of an 8,320 sf new construction building situated upon a 45,045 sf parcel of land and located at 122 S. Pioneer Drive, Abilene,TX. The property is surrounded by national tenants within a ½ mile radius including: Firestone Auto (adjacent/neighboring), Taco Bell, Auto Zone, Whataburger,Super K Mart, McDonald’s, Chase Bank, Burger King to name a few. Population density surrounding the site was a driving force behind Family Dollar’s siteselection. 2016 demographics indicate there are roughly 65,000 people within a 3 mile radius of the site. Traffic counts at the intersection of S. Pioneer Dr. andS. 1st St. indicate a combined 30,000+ vehicles per day. The site is conveniently located immediately off of Winters Freeway and US 20 (business) interchangeon the west side of the city of Abilene.

Price $1,831,225


Cap Rate 5.80%

Status Active

Property Notes


5 900 Bacon St, Durham, NC 27703

Sale Notes

Rare 15 year initial term with 10% bump at year 11Six (6) five-year options, each with 10% increasesExcellent 1031 Exchange PropertyAbsolute NNN LeaseStore Opens December, 2017Initial Term ends September 30, 2032Corporate Guaranty by Family Dollar Stores, Inc.


Excellent access and visibility - site wraps signalized corner with full access driveways and pylon signs on both streetsLocated in close proximity to 360 unit apartment complex, Durham Tech, NC Central University and two Elementary SchoolsTrade Area densely populated with core customers

Price $2,235,933


Cap Rate 6.00%

Status Active

Property Notes


6 4951 E Berry St, Fort Worth, TX 76105

Sale Notes

- NNN Lease with Zero Landlord Responsibilities- 15 Year Term | Six (5 Year) Options- Strong BB+ Grade Credit Rating- Rare Texas Major MSA Offering- Texas Broker of Record - Avery Murrah, #9004477, Stroudlink Realty Services- One Mile Household Income $26,065- Five Mile Population Exceeds 240,000- 8.19% 1 Mile Population Growth by 2021- Ideal Family Dollar Demographics


• NNN Lease Zero Landlord Responsibilities• 15 Year Term | Six (5 Year) Options• One Mile Household Income $26,065• Five Mile Population Exceeds 240,000• Ideal Family Dollar Demographics

Price $1,201,351


Cap Rate 7.25%


Status Active

Property Notes


7 415 E 9th St, Weleetka, OK 74880

Sale Notes

- NNN Lease Zero Landlord Responsibilities- 15 Year Term | Six (5 Year) Options- Strong BB+ Grade Credit Rating- Ideal Family Dollar Demographics- Only Dollar Store in the City- Two Mile Household Income $38,088- Ten Mile Population Exceeds 6,500


• NNN Lease Zero Landlord Responsibilities• Two Mile Household Income $38,088• Ten Mile Population Exceeds 6,500• Ideal Family Dollar Demographics

Price $2,359,000


Cap Rate 5.75%

Property Sub-type Convenience Store

Status Active

Property Notes


8 2605 E 18th St, Kansas City, MO 64127

Sale Notes

Family Dollar with brand new 15 year Absolute NNN lease with RARE 10% rental increase in the 11th year. The tenant, Dollar Tree, completed the acquisition ofFamily Dollar, creating a combined organization operating over 14,700 stores across 48 states and 5 Canadian provinces. This location has rare upgraded brickand EFIS building with construction complete in April 2018.

The subject property is located in Kansas City, Missouri, in an infill location with high drive-by visibility on the hard corner. Family Dollar is located just outside ofdowntown Kansas City and is 5 miles from the University of Missouri-Kansas City, a public research university offering more than 120 academic programs &majors with total enrollment of 11,708. Nearby retailers include CVS, Save-A-Lot, Advance Auto Parts, Walgreens, AutoZone, Rent-A-Center, Costco and TheHome Depot.

*In Association With: King Realty Advisors

Price $2,289,433


Cap Rate 6.00%

Status Active

Property Notes


9 1055 N Clinton Ave, Rochester, NY 14621


CBRE is pleased to present for sale this Family Dollar property located on North Clinton Avenue in Rochester, New York. Family Dollar is operating on a brandnew 15 year lease that is corporately guaranteed by the tenant. The lease boasts a 5% rental increase in year 11 and each option period to renew. This is anabsolute triple net lease with zero landlord responsibilities or expenses. This 9,107 Family Dollar property sits on 0.63 acres and offers excellent access andvisibility with over 12,000 vehicles traveling by daily. This is a densely populated area, with over 25,000 people within 1 mile, over 183,000 people within 3 milesand over 333,000 people within 5 miles. Family Dollar is situated among local businesses, apartment complexes, and single family homes making it a go to storefor surrounding residents and tenants. Rochester is a city on the southern shore of Lake Ontario in western New York. It’s the county seat of Monroe Countyand the third most populous city in the state.

Price $1,972,817


Cap Rate 6.00%

Status Active

Property Notes


10 121 Ridge Rd, Lackawanna, NY 14218


CBRE is pleased to exclusively present for sale this Family Dollar property located on Ridge Road in Lackawanna, New York. The lease is a new, 15 year NNNlease and offers zero landlord responsibilities or expenses. There is a 5% rental increase in year 11 of the lease, and in each six, five year option to renew.This is a new construction property with Family Dollar's newest prototype. This 8,330 Family Dollar property sits on 0.77 acres and offers excellent accessand visibility with over 12,800 vehicles traveling by daily. Family Dollar is also situated just off the Hamburg Turnpike with over 43,000 vehicles traveling on itdaily. There are 4,772 people within 1 mile of the subject property, 60,122 people within 3 miles and 144,001 people within 5 miles. There is minimal competitionsurrounding the store, making this site the go to discount, convenience and mini-grocery store for residents and commuters passing by. Lackawanna is a cityin Erie County, New York, less than 1 mile south of the city of Buffalo in the western part of New York state.

Price $1,241,763


Cap Rate 6.75%


Status Active

Property Notes


11 39292 Mercer Ave, Leary, GA 39862

Sale Notes

Leary is a city in Calhoun County, Georgia, a county that is known for its hunting and fishing. Located near Leary is Deer Run Plantation, a sprawling 8,600acres of farmland with 422 acres of pecan orchards. Also situated near Leary is Wildemeade Plantation with its 4,500 acres of peanuts and pecans. The townof Leary is located in the easternmost part of Calhoun County. The railroad that runs through the city has played a significant role in the early development ofLeary, as it has long been an agricultural supply center for neighboring plantations and farms. Some of the farm services include peanut mill and pecan farmsupport. Still Pond Vineyard is also located near Leary and is one of the most extensive commercial grape vineyards and wineries in the State of Georgia.


Stan Johnson Company is pleased to offer for sale this single-tenant Family Dollar property located in Leary, GA. The Property will feature new 2018construction with Family Dollar signing a corporate lease with minimal landlord responsibilities for a period of 11 years. The lease also calls for increases ineach of the option periods. This location will benefit tremendously from a lack of competition. This is the only national dollar store in town, with the closestFamily Dollar, Dollar General or Dollar Tree over 10 miles away (refer to p.13-15). The Property is strategically located in the city of Leary, GA which is anextremely underserved market that will greatly benefit from Family Dollar being available. This fits in with the larger dollar store model in which they look to openlocations where a larger format discounter isn't warranted, but where a smaller format discount store will prosper. Leary is approximately 3 hours south ofAtlanta and 2 hours north of Tallahassee, FL.

Price $1,628,100


Cap Rate 6.75%

Status Active

Property Notes


12 2014 Junius St, San Angelo, TX 76901

Sale Notes

San Angelo is known as an economic hub for West Texas and is home to three lakes and the beautiful Concho River, which runs through the heart of the city.Trinity REIS is pleased to present the opportunity to acquire a New Development, Net Leased, 10+ Year Family Dollar in the large Texas city of San Angelo,Texas. Family Dollar signed a 10 Year NN Lease with rent set to commence in July. Family Dollar is responsible for HVAC Repairs and Replacement leaving justthe Roof and Structure as Landlord Responsibility. The lease features 6 (5) Year Options to Extend with Rent Increases at each option period.


Family Dollar is located in the at the intersection of N Howard Street and Junius Street in the city of San Angelo, Texas. San Angelo is a large city in centralTexas with a population over 100,000. Traffic Generators in the immediate vicinity include; Windmill Park Apartments, Park Plaza Nursing and Rehab, CedarManor Nursing and Rehab, and the 98,000 residents within 5-miles of the store.

Price $1,106,993


Cap Rate 7.75%


Status Active

Property Notes


13 33200 State Route 172, Lisbon, OH 44432

Sale Notes

INVESTMENT HIGHLIGHTS• Brand New 2017 Built-to-Suit Construction for National Tenant• Equipped with (6) Additional Five Year Options w/ Increases• Corporately Guaranteed by Dollar Tree Stores, Inc.| S&P “BBB-”• NN+ Lease Terms Require Very Minimal Landlord Responsibilities• Investment Grade Tenant & Depreciable Asset• Manageable Price Point and Excellent Asking Cap RateLOCATION HIGHLIGHTS• Population Exceeds 8,100 w/in 5 Mile Radius of Property• Average Household Income Exceeds $61,000 Within 5 Miles• Subject Property Will Serve As Community’s Discount Retail Store• Property is Located off HWY 172, Just East of Canton, OH• Lisbon is Located Amongst Akron, Youngstown, & Canton MSAs


INVESTMENT HIGHLIGHTS• Brand New 2017 Built-to-Suit Construction for National Tenant• Equipped with (6) Additional Five Year Options w/ Increases• Corporately Guaranteed by Dollar Tree Stores, Inc.| S&P “BBB-”• NN+ Lease Terms Require Very Minimal Landlord Responsibilities• Investment Grade Tenant & Depreciable Asset• Manageable Price Point and Excellent Asking Cap RateLOCATION HIGHLIGHTS• Population Exceeds 8,100 w/in 5 Mile Radius of Property• Average Household Income Exceeds $61,000 Within 5 Miles• Subject Property Will Serve As Community’s Discount Retail Store• Property is Located off HWY 172, Just East of Canton, OH• Lisbon is Located Amongst Akron, Youngstown, & Canton MSAs

Price $1,103,900


Cap Rate 7.75%


Status Active

Property Notes


14 4072 Garrett Rd, Ekron, KY 40117

Sale Notes

INVESTMENT HIGHLIGHTS• Brand New 2017 Built-to-Suit Construction for National Tenant• Equipped with (6) Additional Five Year Options w/ Increases• Corporately Guaranteed by Dollar Tree Stores, Inc.| S&P “BBB-”• NN+ Lease Terms Require Very Minimal Landlord Responsibilities• Investment Grade Tenant & Depreciable Asset• Manageable Price Point and Excellent Asking Cap RateLOCATION HIGHLIGHTS• Population Exceeds 13,500 w/in 5 Mile Radius of Property• Average Household Income Exceeds $65,000 Within 5 Miles• Subject Property Will Serve As Community’s Discount Retail Store• Property is Located off Garret Road and New Route 313• Ekron is Situated in Between Fort Knox and Brandenburg


INVESTMENT HIGHLIGHTS• Brand New 2017 Built-to-Suit Construction for National Tenant• Equipped with (6) Additional Five Year Options w/ Increases• Corporately Guaranteed by Dollar Tree Stores, Inc.| S&P “BBB-”• NN+ Lease Terms Require Very Minimal Landlord Responsibilities• Investment Grade Tenant & Depreciable Asset• Manageable Price Point and Excellent Asking Cap RateLOCATION HIGHLIGHTS• Population Exceeds 13,500 w/in 5 Mile Radius of Property• Average Household Income Exceeds $65,000 Within 5 Miles• Subject Property Will Serve As Community’s Discount Retail Store• Property is Located off Garret Road and New Route 313• Ekron is Situated in Between Fort Knox and Brandenburg

Price $1,714,208


Cap Rate 6.75%


Status Active

Property Notes


15 714 W Adams St, Iron River, MI 49935

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 714 West Adams Street in Iron River, Michigan. The property consistsof 8,353 square feet of building space and is situated on approximately 1.07 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The current annual rent is $115,709. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rentalincreases will continue through the six, five-year tenant renewal options.


This Family Dollar is located at 714 West Adams Street in Iron River, Michigan. On the western border of the upper peninsula of Michigan, Iron River is a city inIron County.

Surrounding Retail and Points of InterestThe subject property is strategically located on one of the primary roads in the region. This Family Dollar will benefit from the several retailers nearby such asDollar General, Wells Fargo, USPS, KFC, McDonald’s, Shopko, BP and several others. Accommodations in Iron River include the Iron Inn and AmericInn Lodge &Suites Iron River. West Iron County High School and West Iron County Middle School are located within two miles of the property and have a total combinedenrollment of over 400 students. Aspirus Iron River Hospital is two miles away and has 25 beds.

Traffic Counts and DemographicsIron River has approximately 5,958 individuals residing within a three-mile radius of the property and more than 7,163 individuals within a five-mile radius. TheFamily Dollar property is located on West Adams Street which has daily traffic counts of 6,456.

Iron River, MichiganIron River has beautiful historic buildings and strong businesses, including its growing medical community. Other notable industries include tourism, education,forestry, and manufacturing. The City enjoys a significant and growing influx of year round tourists, largely thanks the Iron River, which is a blue ribbon troutstream that flows through the City. Along with fishing, outdoor recreation activities such as skiing, snowmobiling, hunting, cycling, and hiking attract manynature enthusiasts. The popular Apple Blossom Trail features paths along the shores of the Iron River, highlighting the path used as the corridor for trains thattransported Iron. The nearby Iron County Historical Museum is Upper Michigan's largest local museum with over 26 buildings and 100 major exhibits. The four-day Iron County fair offers a variety of activities at the county fairgrounds in Iron River.

Price $1,643,900


Cap Rate 6.00%


Status Active

Property Notes


16 820 W South Blvd, Montgomery, AL 36105

Sale Notes

Busiest Family Dollar in this region - 20 year operating history - High Sales


Relocated Family Dollar constructed in 2016 on W. South Boulevard, which is a primary commercial arterial in Montgomery, with traffic counts exceeding 39,240vehicles per day.NEW FAMILY DOLLAR REPLACED EXISTING FAMILY DOLLAR THAT HAS OPERATED SUCCESSFULLY FOR OVER 20 YEARS. this location isextremely busy with high sales. The store benefits from very favorable demographics: 41,282 people within 3 miles with average household incomesexceeding $42,000 ideal for Family Dollar market.The site is located just off the intersection of W. South and I-65. Neighboring tenants include McDonald’s, KFC, Pizza Hut, Taco Bell, Burger King, Arby’s,Wendy’s, Krystal Burger, Waffle House and Comfort Inn. Family Dollar is also located between the I-65 freeway and Walmart Supercenter, Rite-Aid, Walgreens,CVS, Baptist Health and numerous other brand-name retailers/service providers located on W. South

Price $1,214,000


Cap Rate 7.50%


Status Active

Property Notes

17 110 Main St, Hookerton, NC 28538

Sale Notes

Environments Unlimited Commercial Real Estate is proud to offer for sale this Family Dollar store located in Hookerton, NC. This is a prime investment opportunityfor a 1031 Tax Deferred Exchange. Corporate guaranteed lease with 7+ years remaining on the initial 10 year term and Six - 5 year renewal options with 10%increases at each renewal. NN Lease; Landlord responsible for Roof, Structure and Parking Lot (repairs only). Tenant reimburses for taxes and insurance.8,320SF metal building located on 1 acre site on corner of Main Street.


Environments Unlimited Commercial Real Estate is proud to offer for sale this Family Dollar store located in Hookerton, NC. This is a prime investment opportunityfor a 1031 Tax Deferred Exchange. Corporate guaranteed lease with 7+ years remaining on the initial 10 year term and Six - 5 year renewal options with 10%increases at each renewal. NN Lease; Landlord responsible for Roof, Structure and Parking Lot (repairs only). Tenant reimburses for taxes and insurance.8,320SF metal building located on 1 acre site on corner of Main Street.

Price $1,596,638


Cap Rate 6.75%


Status Active

Property Notes


18 315 N State Rd, Otisville, MI 48463

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for Family Dollar located at 315 North State Road in Otisville, Michigan. The property made up of a8,320 square foot building and is situated on approximately 0.88 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN) lease. Thelease commenced on June 1st , 2015 and the current annual rent is $107,773. The lease is subject to ten percent rental increases every five years, which willbegin in Year 11. The rental increases will continue through the two, five-year tenant renewal options.


This Family Dollar Property is located at 315 North State Road in Otisville, Michigan. Located in the northeast corner of Genesee County on the M-15 HeritageRoute. Otisville is 20 miles northeast of Flint, MI and 30 miles southeast of Saginaw, MI.

Surrounding Retail and Points of InterestThe subject is surrounded by national and local tenants. The tenants in the area include: Denny’s Supermarket, Rite Aid, McDonald’s, Subway, Arlene’s Diner,Huntington Bank, Otie’s, Win’s Electrical Supply Store, as well as many others. Otisville Elementary School, Lakeville Middle School, and Lakeville High Schoolare all located within four miles of the subject property. The schools have a combined enrollment of 839 students.

Traffic Counts and DemographicsThere are approximately 9,662 individuals residing within a five-mile radius of the property and more than 25,999 individuals within a seven-mile radius. Thesubject property is located on North State Road. The average daily traffic count for North State Road is 8,123 vehicles.

Otisville, MichiganOtisville is a city in Genesee County, located 30 miles southeast of Saginaw, MI. Saginaw is a city and seat of Saginaw County, both are located in the areaknown as Mid-Michigan. As a city on the riverfront, that flourishes from the culture and diversity of its neighborhoods and localities, Saginaw embodies manytraditional American qualities such as hard work and a strong sense of community. These values are reflected in the social fabric of its various districts. Thecity’s diverse makeup also lends to a host of amazing cultural activities and events throughout the city. Located in the heart of the Great Lakes Bay Region,Saginaw provides something for every age, travel taste and budget, including many free and family-oriented attractions year-round. Saginaw is home to manybeautiful sites such as the treasured Japanese Cultural Center and Tea House; and the historic Temple Theatre, which hosts many events throughout the year.More adventures await at the Mid-Michigan’s Children’s Museum and the Children’s Zoo at Celebration Square, as well as the historic Castle Museum.

Price $1,281,897


Cap Rate 6.75%


Status Active

Property Notes


19 24 3rd St, Sand Lake, MI 49343

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 24 South Third Street in Sand Lake, Michigan. The property consistsof 8,320 square feet of building space and is situated on approximately 0.59 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The rent commenced on October 6th, 2016 and the current annual rent is $86,528. The lease is subject to ten percent rental increases every five years,which will begin in Year 11. The rental increases will continue through the six, five-year tenant renewal options.


This Family Dollar is located at 24 South Third Street in Sand Lake, Michigan. Sand Lake is a village located in Kent County, Michigan. Kent County is locatedwithin the Grand Rapids—Wyoming, Michigan Metropolitan Statistical Area. Sand Lake is approximately 25 miles north of Grand Rapids, the second largest cityin Michigan.

Surrounding Retail and Points of InterestThe subject property is strategically located on a central road within the town, and is the regions primary retailer. The Family Dollar location is convenientlylocated near several amenities such as the Kent District Library and Post Office. Additionally, several local businesses are in the immediate vicinity such asWesco, Independent Bank, Lake Street Station, Rosie’s Ice Cream, and several others. Sand Lake Elementary School is less than a mile away and has a totalenrollment of over 450 students.

Traffic Counts and DemographicsSand Lake has approximately 3,409 individuals residing within a three-mile radius of the property and more than 11,605 within a five-mile radius. The FamilyDollar property is located on South Third Street, also known as Northland Drive. South Third Street has daily traffic counts of 5,023 vehicles. Nearby East OakStreet has traffic counts of 4,600 vehicles.

Grand Rapids, MichiganGrand Rapids is the second largest city in Michigan, located in eastern part of the state along the Grand River. The city and surrounding communities areeconomically diverse, and have economies based in the health care, information technology, automotive, aviation, and consumer goods manufacturingindustries, among others. In 2010, the city was named the “Most Sustainable Midsize City in the U.S.” by the United States Chamber of Commerce CivicLeadership Center. Spectrum Health employs over 23,000 in the city. The city is home to a number of well-known companies that include: Bissell,Alticor/Amway, Highlight Industries, Spartan Stores, Meijer, GE Aviation, and Wolverine World Wide. The Gerald R. Ford International Airport sees 150 flightsdaily to 23 destinations across the United States and Canada.

Price $1,328,149


Cap Rate 6.75%


Status Active

Property Notes


20 10891 90th Ave, Mecosta, MI 49332

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at the corner of 90th Avenue and 11 Mile Road in Mecosta, Michigan.The property consists of a 8,320 square foot building and is situated on 1.37 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The current annual rent is $89,650. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rentalincreases will continue through the six, five-year tenant renewal options.


This Family Dollar is located at 10891 90th Avenue in Mecosta, Michigan. Mecosta is a village in Mecosta County, and the village is within Morton Township.Mecosta Township, which is also in Mecosta county, is located several miles to the west.

Surrounding Retail and Points of InterestThe subject property is well-positioned as the prime retailer in Mecosta. Retailers and tenants in the surrounding area include: Round Lake Resort, HolidayTerrace Mobile Home Park, Blue Lake Motel, Denslow Market, Conley’s Bakery, Marathon, Lakeside Indian Motorcycles, Lakeside Motor Sports, Mecosta BookGallery, USPS, as well as others. Mecosta Morton Airport is directly across from this Family Dollar property. Mecosta Elementary School is locatedapproximately two miles east and has 288 students enrolled.

Traffic Counts and DemographicsMecosta has approximately 6,467 individuals residing within a five-mile radius of the property and more than 18,836 within a ten-mile radius. The Family Dollarproperty is strategically positioned on the corner of 11 Mile Road and 90th Avenue.

Mount Pleasant, MichiganMount Pleasant, situated along the Chippewa River in central Michigan, is located approximately 28 miles east of Mecosta. US 127 is a major north-south routeconnecting Mount Pleasant with Lansing and Jackson to the south and with Clare and Grayling in the north. With its stable growth, area maintains one of thestate’s lowest unemployment rates. Part of the city is located within the Isabella Indian Reservation, the base of the federally recognized Saginaw ChippewaTribal Nation. This is the site of the Tribe's Soaring Eagle Casino. The city is home to the main campuses of Central Michigan University, one of the largestuniversities in the state with 20,000 students at Mount Pleasant, and Mid Michigan Community College. The student population nearly doubles the population ofthe city during the academic year. A vibrant downtown with one-of-kind shopping and exquisite restaurants provides visitors with yet an entirely differentexperience.

Price $1,233,185


Cap Rate 6.75%


Status Active

Property Notes


21 769 Central Ave, Florence, WI 54121

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 679 Central Avenue in Florence, Wisconsin. The property consists of8,320 square feet of building space and is situated on approximately 1.19 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The current annual rent is $83,240. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rentalincreases will continue through the six, five-year tenant renewal options.


The subject property is a Family Dollar located at 769 Central Avenue in Florence, Wisconsin. Florence is located in the northeastern most corner of Wisconsin,bordering Michigan. Florence is surrounded by many natural resources including: the Ottawa, Nicolet and Hiawatha National Forests. Florence is also south ofLake Superior and west of Lake Michigan.

Surrounding Retail and Points of InterestFlorence is home to a mixture of local and nationally recognized retailers. Located in the highest traffic area of the town, this property can benefit fromneighboring properties occupied by IGA Grocery, Subway, First Niagara Bank, BP and Car Quest among others. This property benefits from the lack of directcompetition in the area and consumers in the Florence area will shop at this Family Dollar for their everyday needs

Traffic Counts and DemographicsFlorence has approximately 1,620 individuals residing within a five-mile radius of the property and more than 4,468 individuals within a ten-mile radius. TheFamily Dollar property is located on Central Avenue, which has daily traffic counts of 7,423.

Florence, WisconsinFlorence sports the largest ATV and snowmobile trail system in Wisconsin, and is a major county for those wanting to fish, hunt, or camp. Florence's principalindustry is logging, but most residents of Florence county work in nearby Iron Mountain and Kingsford. Some of Kingsford's main sources of work are GredeFoundries and a nearby paper mill. The neighboring city, Iron Mountain, is home to Pine Mountain Ski Resort, boasting one of the largest ski jumps in the world,the Pine Mountain Ski Jump. The resort hosts the National Ski Jump Championship every February, and has hosted the International competition in the past. Thecommunity has displayed a penchant for adaptation, as demonstrated by the Kingsford Charcoal Company’ taking advantage of the infrastructure once used bya retired Ford production facility. Other successful industries include healthcare, with Dickinson Memorial Hospital and the Oscar G Johnson VA Medical Centertogether employing just shy of 1,000 workers.

Price $3,110,364


Cap Rate 5.00%


Status Active

Property Notes


22 1255 NW 103rd St, Miami, FL 33147

Sale Notes

This is a great opportunity to own a free-standing building with a NN lease of accredited tenant, Family Dollar. The building consist of 8,618 sqft and sits on a 46,540 sqft lot This neighborhood is growing fast and property is located just blocks from I95 and minutes from Miami Shores and the new Little River District.


Property located on 103 st (main street)

Price $1,340,311


Cap Rate 6.75%


Status Active

Property Notes


23 4178 Middle St, Grand Junction, MI 49056

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 5421 County Road 388 in Grand Junction, MI. The property consistsof 8,320 square feet of building space and is situated on approximately 1.09 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The current annual rent is $90,471. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rentalincreases will continue through the six, five-year tenant renewal options.


This Family Dollar Property is located 5421 County Road 388 in Grand Junction, Michigan. Grand Junction is located in south Michigan, between the Van Buren,Allegan county. It received its name because of its location at the junction of two railroad lines.

Surrounding Retail and Points of InterestThe subject property benefits from its location in a retailer corridor. This corridor contains both local and national retailers, which include: United States PostalService, Marathon Gas, MBG Marketing, Country Fare Restaurant, RTS Parts and Service, as well as many more. The subject property also benefits from itsclose proximity to Bloomingdale Public School District. This School Districts has a total enrollment of 595 students.

Traffic Counts and DemographicsThere are approximately 5,723 individuals residing within a five-mile radius of the property and more than 25,560 individuals within a ten-mile radius. Thesubject property is located near Interstate-96, which has average daily traffic counts of 21,100. The subject property also benefits from its proximity toInterstate-94, which brings in an addition 31,194 vehicles to the area.

Grand Rapids, MichiganGrand Rapids, located less than an hour from Grand Junction, is the second largest city in Michigan and the largest city in West Michigan. Grand Rapids is thecounty seat of Kent County and is a historic furniture-manufacturing center. The city and surrounding communities are economically diverse, and haveeconomies in health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others. Grand Rapids isdeveloped on the banks of the Grand River and is approximately 60 miles eat-by-southeast of Lansing and 50 miles south of Kalamazoo. The city is home to anumber of well-known companies that include: Bissell, Alticor/Amway, Highlight Industries, Spartan Stores, Meijer, GE Aviation, and Wolverine World Wide. TheGerald R. Ford International Airport has seven airlines operating over 150 flights daily to 23 nonstop destinations across the United States and Canada.

Price $1,313,407


Cap Rate 6.75%


Status Active

Property Notes


24 3687 W Polk Rd, Hart, MI 49420

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 3687 West Polk Road in Hart, Michigan. The property consists of8,320 square feet of building space and is situated on approximately 1.20 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN)lease. The lease commenced on January 3rd, 2017. The current annual rent is $88,655. The lease is subject to ten percent rental increases every five years,which will begin in Year 11. The rental increases will continue through the six, five-year tenant renewal options.


This Family Dollar is located at 3687 West Polk Road in Hart, Michigan. Hart is named due to it’s central location in Oceana County. It is in fact, the county seat ofOceana County.

Surrounding Retail and Points of InterestThe subject property is strategically located in a central area in town. Several local retailers are in the immediate vicinity such as Dollar General, Video Plus,Hart Pizza, Hometown Pharmacy, La Mexicana, and many others. Additionally, there is a large residential area nearby with Hart Middle & High School as well asSpitler Elementary School within close proximity of the subject property. Together, they have a combined enrollment of over 2,000 students.

Traffic Counts and DemographicsHart has approximately 16,390 individuals residing within a five-mile radius of the property and more than 16,342 within a ten-mile radius. The Family Dollarproperty is located on West Polk Road which intersects with North 72nd Avenue on a hard intersection. Nearby State Route 31 Brings an additional 10,800vehicles to the area each day.

Muskegon, MichiganMuskegon is less than 40 miles south of Hart and is the largest populated city on the eastern shore of Lake Michigan with 170,000 inhabitants. Muskegon ishome to the headquarters of grocer Wesco Inc, and has strong energy, specialty engineering, and healthcare industries. Major Retail trade areas include AppleAvenue, Sherman Boulevard, Henry Street, and the Lake’s Mall, which helped revitalize Muskegon’s traditional downtown are when it was built in 2001. TheCity of Muskegon is served by Muskegon Community College and Baker College. Western Michigan University, Ferris State University, and Grand Valley StateUniversity all operate programs on the campus of Muskegon Community College. There, Grand Valley State University operates the Muskegon Innovation Huband the Annis Water Resources Institute. Muskegon is also home to the Frauenthal Center for the Performing Arts and the Muskegon Museum of Art. AnnualEvents such as the Muskegon Film Festival, Muskegon Bike Time, Michigan Irish Music Festival, and an Art Fair make Muskegon the cultural center of the region.Muskegon Bike Time draws over 100,000 visitors each year.

Price $2,550,035



Status Active

Property Notes


25 1932 Metropolitan Pky SW, Atlanta, GA 30315

Sale Notes

Family Dollar-Corporate Guarantee


Family DollarIdeal 1031 Replacement PropertyRELOCATION STORE15 Year Absolute NNN5% Increase in Year 6 5% Increase Year 11Upgraded Brick Construction Dense surrounding demographics 229,000 + Residents within 5-Mile Radius 19,000 + Vehicles per dayAbundance of surrounding Roof tops

Price $1,389,000


Cap Rate 7.35%


Status Active

Property Notes


26 1095 Tuscaloosa St, Greensboro, AL 36744

Sale Notes

Marcus & Millichap is pleased to exclusively offer a Family Dollar located at 1095 Tuscaloosa St, Greensboro, Alabama. Greensboro is approximately 80 milessouthwest of Birmingham, AL and is part of the Tuscaloosa, AL MSA. The New 10-Yr Double-net (NN) lease has six, five-year option periods with 5% rentescalations. The subject property is 8,4000 square feet and is situated on a 0.65-acre lot located at the intersection of Tuscaloosa St & North St.


With over 8,300 stores in 46 states and the District of Columbia, Family Dollar is the nation’s second largest dollar store. Family Dollar targets consumersshopping for a family earning less than $40,000 a year. Consumables (food, health, beauty aids, and household items) account for about two-thirds of sales.Family Dollar also sells apparel, shoes, and linens.Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. Most goods and groceries (national brands, Family Dollarprivate labels, and unbranded items) are sold at a variety of discounted prices, most which are under $10. In July 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combinedDollar Tree-Family Dollar entity is now the largest discounter in North America with over 14,700 stores in 48 states and Canada with annual sales over $21billion.

Price $1,023,000


Cap Rate 7.50%

Status Active

Property Notes


27 6801 Highway 7 S, Topmost, KY 41862

Sale Notes

Family Dollar is the tenant. $76,696 NOI. 4% increase every 5 years in options. 10 year lease term. NN Lease (Roof, Structure, Parking Lot). Six 5-year options.See brochure for more info.

Price $1,763,371


Cap Rate 6.35%


Status Active

Property Notes


28 1400 Lewis Ave, North Chicago, IL 60064

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar at the corner of Lewis Avenue and 14th Street in North Chicago, Illinois. Theproperty consists of 8,320 square feet of building space and is situated on approximately 0.90 acres of land. This Family Dollar Property is subject to a 15-yeartriple-net (NNN) lease. The rent will commence on March 31st, 2018 and the current annual rent is $111,974. The lease is subject to 10 percent rental increasesevery five years, starting in year 10. The increases will continue through the six, five-year tenant renewal option periods.


This Family Dollar is located at the corner of Lewis Avenue and 14th Street in North Chicago, Illinois. North Chicago is approximately 35 miles from downtownChicago, which is the largest city in the state of Illinois and the third most populous city in the U.S., with approximately 2.7 million residents.

Surrounding Retail and Points of InterestThe subject property is strategically positioned within close proximity to a number of residential and business communities. The global operations headquartersof biopharmaceutical company AbbVie, Inc is just a mile down the road. This facility manufactures and packages finished drug product, outputting almost 3billion solid dosages per year in total. A mile and half to the west lies the 452-acre Amhurst Business Park, which is home to businesses including Abbot Labs,Comcast and Cardinal Health. The five primary and secondary schools within a mile of this Family Dollar have a total combined enrollment of over 3,000students.

Traffic Counts and DemographicsNorth Chicago has approximately 149,252 individuals residing within a five-mile radius of the property and more than 371,824 within a 10-mile radius. TheFamily Dollar property is located on the corner of Lewis Avenue and 14th Street. Ashland Avenue has traffic counts of roughly 27,300 vehicles per day. TheFamily Dollar property is located approximately two miles west of Interstate-94, which has a average daily traffic count of 318,200 vehicles.

Chicago, IllinoisChicago is the third largest city in the United States as well as the county seat of Cook County. Located where the Chicago River meets Lake Michigan, Chicagois known as the “Windy City” due to the weather caused by the nearby bodies of water. Chicago is has the second largest business district in the nation andhas the most balanced economy in the nation. Multiple Dow 30 companies are based in the Chicago Metropolitan Area, such as Boeing, Sears, Kraft, andMcDonald’s. Every year, over 50 million people visit the city. With two-time World Series winners the Chicago Cubs, the six-time Stanley Cup winning ChicagoBlackhawks, and six-time NBA championship winning Chicago Bulls, the city has a tradition of excellence in all sports. Chicago is also home to severaluniversities such as Northwestern University, University of Chicago, the Art Institute of Chicago, DePaul University, and several others with a combined totalenrollment of over 60,000 students.

Price $2,349,089


Cap Rate 6.25%


Status Active

Property Notes


29 3846 S Grand Blvd, Saint Louis, MO 63118

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 3846 South Grand Boulevard in Saint Louis, Missouri. The property ismade up of 9,180 square feet of building space and is situated on approximately 0.93 acres of land. This Family Dollar Property is subject to a 15-year triple-net(NNN) lease. The base rent is $146,818. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rental increaseswill continue through the six, five-year tenant renewal options.


This Family Dollar is located at 3846 South Grand Boulevard in Saint Louis, Missouri. Saint Louis is an independent city and inland port in Missouri. The SaintLouis metropolitan area includes the city as well as nearby areas in Missouri and Illinois.

Surrounding Retail and Points of InterestThe subject property is strategically located in a dense retail corridor. Tenants directly adjacent include Kim Ngan Vietnamese Restaurant, directly across SouthGrand Boulevard, and International Foods, a grocery store located just south of Kim Ngan,. In the surrounding area, noteworthy national and regional tenantsinclude ALDI, Walgreens, Wendy’s, Schnucks, and many more. Less than two miles southwest of the Anheuser-Busch Brewery. Three of the brewery’sbuildings are listed as National Historic Landmarks. Frequent tours take visitors through the complex, which is part of 189-structure, 142-acre landmark. St.Alexius Hospital, a 339-bed facility, is less than a mile east of the property.

Traffic Counts and DemographicsThere are approximately 151,291 individuals living within a three-mile radius of the subject property and as many as 306,974 individuals living within a five-mileradius. This Family Dollar Location is located along South Grand Boulevard, which experiences an average daily traffic count of 24,301 vehicles. Access toInterstate 55, which brings an additional 106,783 vehicles to the area each day, is less than two miles from the subject property.

Saint Louis, MissouriSaint Louis is a major city in Missouri along the Mississippi River. The economy of Saint Louis relies on service, manufacturing, trade, transportation of goods,and tourism. The city is home to several major corporations, including Anheuser-Busch, Express Scripts, Peabody Energy, Ameren, Ralcorp, Monsanto, andSigma-Aldrich, as well as a large medical and research community. Saint Louis has two professional sports teams: the Saint Louis Cardinals of Major LeagueBaseball and the Saint Louis Blues of the National Hockey League. The city is commonly identified with the 630-foot tall Gateway Arch in Downtown SaintLouis. The Soulard district is home to barbecue restaurants and clubs playing blues music.

Price $2,078,433


Cap Rate 6.25%


Status Active

Property Notes


30 2117 W Center St, Milwaukee, WI 53206

Sale Notes

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 2117 West Center Street in Milwaukee, Wisconsin. The propertyconsists of 8,247 square feet of building space and is situated on approximately 0.71 acres of land. This Family Dollar Property is subject to a 15-year triple-net(NNN) lease. The rent commenced on December 5th, 2017 and the current annual rent is $129,902. The lease is subject to ten percent rental increases everyfive years, which will begin in Year 11. The rental increases will continue through the six, five-year tenant renewal options.


This Family Dollar Property is located at 2117 West Center Street in Milwaukee, Wisconsin. Located in the southeastern portion of Wisconsin, the GreaterMilwaukee area is positioned on the shore of Lake Michigan at the confluence of the Menomonee, Kinnickinnic and Milwaukee Rivers. Known for its brewingtraditions, Milwaukee is the largest city in Wisconsin.

Surrounding Retail and Points of InterestThe subject property benefits from its strategic location in a dense residential corridor. The primary and secondary schools within a mile of the property have acombined enrollment of over 2,500 students. Surrounding retailers include Citgo, Cricket Wireless, MetroPCS, Neighbor Food Market, Sam Food, Save MoreFood Market, and other local small businesses. The University of Wisconsin – Milwaukee is just three and a half miles away, enrolling over 26,000 students.The Aurora Sinai Medical Center, which has 228 staffed beds, is just wo miles away from this Family Dollar location.

Traffic Counts and DemographicsThere are approximately 241,653 individuals residing within a three-mile radius of the property and more than 499,655 individuals within a ten-mile radius. Thesubject property is located on West Center Street, which sees an average daily traffic count of 13,600 vehicles. West Center Street intersects with Interstate43, which sees an average daily traffic count of 142,027 vehicles.

Milwaukee, WisconsinPrivate business underpins Milwaukee’s economy, with manufacturing at its core. Led by Harley-Davidson, Rockwell Automation and GE Healthcare, almost3,000 manufacturers have operations in the Greater Milwaukee area. The local economy has diversified into other critical industries such as data processing,insurance, mutual funds and printing. The region also supports an increasing number of healthcare and technology companies. There are six Fortune 500 firmslocated in the metro: Johnson Controls, Northwestern Mutual, Manpower, Rockwell Automation, Harley-Davidson and Joy Global. Milwaukee has investedheavily in its infrastructure. Major new additions to the city include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an internationally renownedaddition to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW-Milwaukee Panther Arena.New skyscrapers, condos, lofts and apartments have been constructed in neighborhoods on and near the lakefront and riverbanks. General MitchellInternational Airport, located to the south of downtown Milwaukee, provides air service to over 50 cities and is responsible for nearly 10 million passengers peryear. The Port of Milwaukee is directly joined to the Great Lakes-St. Lawrence Seaway System for ocean shipping and to New Orleans via the MississippiRiver for inland barge service. Milwaukee is home to a variety of themed, seasonal festivals celebrating Milwaukee’s history and diversity, earning it itsnickname, the “City of Festivals.” The city hosts the Wisconsin State Fair, as well as the annual Summerfest, one of the largest music festivals in the country.

Price $1,809,000


Cap Rate 5.75%

Status Active

Property Notes


31 2694 Highway 87 S, Navarre, FL 32566

Price $1,074,850


Cap Rate 8.00%


Status Active

Property Notes


32 19519 Pond Fork Rd, Van, WV 25206

Sale Notes

NN Lease Requires Minimal Landlord ResponsibilitiesHighest Yield New Construction Dollar Store on MarketTransferable Roof Warranty for New OwnershipNew Build-to-Suit Construction Featuring Modern Prototype StoreFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option PeriodLow Rent Per Square Foot Ensures Longevity at Location


Highest Yield New Construction Dollar Store on MarketTransferable Roof Warranty for New OwnershipFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option Period

Price $999,562


Cap Rate 8.00%


Status Active

Property Notes


33 6923 Route 550, Wayland, KY 41666

Sale Notes

NN Lease Requires Minimal Landlord ResponsibilitiesTransferable Roof Warranty Available at ClosingNew Build-to-Suit Construction Featuring Modern Prototype StoreFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option PeriodLow Rent Per Square Foot Ensures Longevity at Location


Transferable Roof Warranty Available at ClosingFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option Period

Price $1,131,250


Cap Rate 8.00%


Status Active

Property Notes


34 5150 Route 10, Barboursville, WV 25504

Sale Notes

NN Lease Requires Minimal Landlord ResponsibilitiesHighest Yield New Construction Dollar Store on MarketTransferable Roof Warranty for New OwnershipNew Build-to-Suit Construction Featuring Modern Prototype StoreFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option PeriodLow Rent Per Square Foot Ensures Longevity at Location


Transferable Roof Warranty for New OwnershipFamily Dollar was Recently Acquired by Dollar TreeStrong Standard & Poor's BB+ Grade Credit Rating10% Rent Increases in Each Option PeriodLow Rent Per Square Foot Ensures Longevity at Location

Price $2,374,840


Cap Rate 5.85%


Status Active

Property Notes


35 3033 Main St, East Point, GA 30344

Sale Notes

The lease is fully guaranteed by Family Dollar Stores, Inc., a subsidiary of Dollar Tree, Inc. which has more than 14,300 locations and had 2016 revenues inexcess of $20 million.

Family Dollar is operating under a long-term lease with over fourteen (14) years remaining and zero landlord responsibilities.


The Property was constructed in 2016 as a build-to-suit for Family Dollar.

The Property is located in a southwestern suburb of Atlanta which is the fifth largest metropolitan area in the country, is home to over 5.7 million residents, andboasts the third highest concentration of Fortune 500 headquarters in the United States.

Price $2,093,914


Cap Rate 7.00%

Status Active

Property Notes


36 1111 Lincoln Ave, Pittsburgh, PA 15206


Marcus and Millichap, on behalf of ownership, is pleased to exclusivelyoffer for sale this brand new Family Dollar in Pittsburgh’s East Liberty/ Shady Sideneighborhood. The Tenant, Family Dollar, is subject to a newer 15 year double net lease that features a rare 10% rent increase in year 11 of the base term andthe five, five year option periods. The newly constructed 9,180-square-foot store is scheduled to open in Fall 2017. The building will be a highly attractive brickand three-sided glass prototype which was mandated by the local planning authorities. Family Dollar is one of the fastest growing discount store chains in theUnited States with over 8,100 locations and has been a publicly held corporation since 1970. Parent Company, Dollar Tree, who purchased the chain in January2015, is investment grade rated “BB+” by Standard & Poor’s.Family Dollar is located in the northeastern section of Pittsburgh in a neighborhood that is in the “path of progress”. In June 2014, USA Today named East Libertyone of the ten “best up and coming neighborhoods” around the United States. This store is located along Lincoln Road just one mile from many of the East End’sdevelopments. East Liberty has exploded with redevelopment including Whole Foods moving to a new larger location, the success of Bakery Square (a largescale mixed use project home to some of Google’s offices), and most recently the announcement of a $30 million affordable housing grant award focused onthe market. Presently this neighborhood lacks essential grocery options for consumers while the market density is one that Family Dollar targets which willinevitably help this location to be successful. The lower to middle income demographics surrounding this site are the precise metrics the tenant targets tooptimize printability.

Price $2,763,000


Cap Rate 6.25%


Status Active

Property Notes


37 24785 SW 112th Ave, Princeton, FL 33032


CBRE is pleased to present this newly constructed Family Dollar store in the Miami, Florida MSA. Family Dollar was acquired by Dollar Tree in 2015 creating acombined organization with sales exceeding $19 billion annually with more than 13,600 stores across 48 states and five Canadian provinces.This location benefits from being in a densely populated and high growth area with above average household incomes.

Price $1,853,181


Cap Rate 5.75%

Property Sub-type Storefront

Status Active

Property Notes


38 2010 N Belt Line Rd, Grand Prairie, TX 75051

Sale Notes

Sands Investment Group is pleased to present this Family Dollar located in Grand Prairie, Texas. There is 15 years remaining on a Triple Net (NNN) Lease.

Price $1,942,747


Cap Rate 5.75%


Status Active

Property Notes


39 7545 Martin Luther King Blvd, Houston, TX 77033

Sale Notes

Sands Investment Group is pleased to present this Family Dollar located in Houston, Texas. There is 15 years remaining on a Triple Net (NNN) Lease.

Price $1,970,203


Cap Rate 6.45%


Status Active

Property Notes


40 3215 Versailles Ave, Mckeesport, PA 15132

Sale Notes

CBRE is pleased to exclusively present for sale this new construction Family Dollar property located on Versailles Ave in McKeesport (Pittsburgh), PA.


CBRE is pleased to exclusively present for sale this new construction Family Dollar property located on Versailles Ave in McKeesport (Pittsburgh), PA. This is aNNN lease with no landlord responsibilities or expenses. There are over 13 years remaining in the initial lease which was a rare 15.25 year term. The leasealso boasts a 10% rental increase in year 11 and in each of the six, five year option periods. Family Dollar sits on approximately 0.59 acres at the corner ofCraig Street and Versailles Ave. This is a neighborhood location for Family Dollar and is easily walkable for its many surrounding residents. The property alsohas plenty of parking for the 5,237 vehicles traveling by daily. Family Dollar is ideally situated 0.8 miles from the McKeesport Area Senior High School and 1 milefrom the Penn State Greater Allegheny Campus. This is a densely populated area with over 15,400 people within 1 mile, over 59,600 people within 3 miles andover 140,000 people within 5 miles. There is no dollar store competition within 1 mile of the subject property, making this a go to store for residents nearby.Family Dollar operates general merchandise retail discount stores, offering merchandise generally ranging in price from $1-$10 including consumables, homeproducts, apparel & accessories, electronics and seasonal goods to primarily low and middle-income consumers. On July 6, 2015, Family Dollar was acquiredby Dollar Tree.

Price $1,025,000


Cap Rate 7.80%

Status Active

Property Notes


41 204 E Route 133, Oakland, IL 61943

Sale Notes

Kentwood Capital Advisors is pleased to offer for sale to qualified investors this 10-Year NN leased investment Family Dollar store with 5% rent increasesbeginning in year 10 and every 5 years thereafter. The property is leased and guaranteed by Family Dollar Stores, Inc., a wholly owned subsidiary of DollarTree (NYSE: DLTR). The parent company that has a current credit rating of BB+ by Standard and Poor’s and the net worth in excess of $5B and market cap of$21.74B.This new Family Dollar store currently under construction will benefit from its location along Highway 133 in this underserved retail market in Oakland, Illinois. Itis situated directly adjacent to a brand new Casey General store which is replacing its older smaller store showing its commitment to this area. The locationhare excellent access and visibility with approximately 3,500 vehicles per day passing by it.

Price $2,150,000



Status Active

Property Notes


42 2550 W Van Buren St, Phoenix, AZ 85009


PROPERTY DESCRIPTION• A free-standing single-tenant retail property with drive thru currently leased to Family Dollar.• Located in a dense retail and residential submarket in the city of Phoenix proper• Strong street visibility with ample parking• Landscaping in the parking area and adjacent to the building• The Property’s improvements appear to be in good condition and repair• Call: 1-800-314-5450 for more information

Price $2,291,000


Cap Rate 6.00%

Property Sub-type Convenience Store

Status Active

Property Notes


43 715-723 W Main St, Rochester, NY 14611

Sale Notes

CBRE is pleased to exclusively present for sale this Family Dollar property located on W Main Street in Rochester, New York.


CBRE is pleased to exclusively present for sale this Family Dollar property located on W Main Street in Rochester, New York. The property is a relocation of anexisting store within the market, proving success in this area. This is a new 15 year, NNN lease with over 13 years remaining and zero landlord responsibilitiesor expenses. There is a 10% rental increase in year 9 of the lease, and each six, five year option to renew. This is a new construction property with FamilyDollar's newest prototype.

This 9,180 Family Dollar property sits on 0.84 acres and offers excellent access and visibility with over 17,000 vehicles traveling by daily. This is a denselypopulated area, with over 25,000 people within 1 mile, over 162,000 people within 3 miles and over 312,000 people within 5 miles. The area also offers astrong daytime population with 23,532 employees and 1,264 businesses within 1 mile of the property. Family Dollar is situated among local businesses,apartment complexes, and single family homes making it a go to store for surrounding residents and tenants. National surrounding retailers include Rite Aid,Cricket Wireless, and Valero. It is also just 0.4 miles from Rochester Regional Health - St Mary's Campus. St Mary's Campus is a unique healthcare and humanservices facility offering several programs and services included a 120 bed skilled nursing facility, adult daycare, dialysis, family medicine and dental,oncology/hematology and urgent care services. Family Dollar is also just 1 mile from Interstate 490 with over 96,000 vehicles traveling on it daily.

Price $1,716,031


Cap Rate 6.35%

Status Active

Property Notes


44 834 Main St, Bentleyville, PA 15314

Sale Notes

CBRE is pleased to exclusively present for sale this Family Dollar property located on Main Street in Bentleyville, Pennsylvania.


CBRE is pleased to exclusively present for sale this Family Dollar property located on Main Street in Bentleyville, Pennsylvania. This is a relocation of an existingstore within the market, proving success in this area. The lease is a new, 15 year NNN lease with over 14 years remaining and offers zero landlordresponsibilities or expenses. There is a 10% rental increase in year 11 of the lease, and in each six, five year option to renew. This is a new constructionproperty with Family Dollar's newest prototype. This 8,400 Family Dollar property sits on 0.75 acres and offers excellent access and visibility with over 8,200 vehicles traveling by daily. Family Dollar is alsojust 1 mile from the on/off ramps of I-70, with over 29,000 vehicles traveling on it daily. Nearby national retailers include Giant/Eagle, Rite Aid, AutoZone, BurgerKing, and McDonald's. There are 2,825 people within 1 mile of the subject property, 6,228 people within 3 miles and 13,538 people within 5 miles. Bentleyville isa borough in Washington County, and part of the Pittsburgh MSA.

Price $1,012,500


Cap Rate 8.00%


Status Active

Property Notes


45 647 Main St, Middleport, OH 45760

Sale Notes

• NN Lease Requires Minimal Landlord Responsibilities • Highest Yield New Construction Dollar Store on Market • New Built-to-Suit Construction FeaturingModern Prototype Store • Family Dollar was Recently Acquired By Dollar Tree | Click for Story • Strong Standard & Poor’s BB+ Grade Credit Rating • FamilyDollar Ranked #281 on Fortune 500 List • Five (5.00%) Percent Rent Increases in Each Option Period • Low Rent Per Square Foot Ensures Longevity atLocation


INVESTMENT HIGHLIGHTS• NN Lease Requires Minimal Landlord Responsibilities• New Built-to-Suit Construction Featuring Modern Prototype Store• Family Dollar was Recently Acquired By Dollar Tree | Click for Story• Strong Standard & Poor’s BB+ Grade Credit Rating• Family Dollar Ranked #281 on Fortune 500 List• Five (5%) Percent Rent Increases in Each Option Period• Low Rent Per Square Foot Ensures Longevity at Location

LOCATION HIGHLIGHTS• Zero Retail Competition in the Immediate Area• Only National Retail | One-Stop-Shop for Locals• Positioned on Main Regional Traffic Thoroughfare | 4,550+ VPD• 10 Mile Population Exceeds 21,700 Residents• The Median Home Value within 5 Miles Exceeds $69,000• Average Household Income within 5 Miles Exceeds $47,600• Ideal Surrounding Demographics for Dollar Store

Price $1,077,800


Cap Rate 8.00%


Status Active

Property Notes


46 160 Main St, Wilkesville, OH 45695

Sale Notes

• NN Lease Requires Minimal Landlord Responsibilities • Highest Yield New Construction Dollar Store on Market • New Built-to-Suit Construction FeaturingModern Prototype Store • Family Dollar was Recently Acquired By Dollar Tree | Click for Story • Strong Standard & Poor’s BB+ Grade Credit Rating • FamilyDollar Ranked #281 on Fortune 500 List • Five (5.00%) Percent Rent Increases in Each Option Period • Low Rent Per Square Foot Ensures Longevity atLocation


INVESTMENT HIGHLIGHTS• NN Lease Requires Minimal Landlord Responsibilities• Highest Yield New Construction Dollar Store on Market• New Built-to-Suit Construction Featuring Modern Prototype Store• Family Dollar was Recently Acquired By Dollar Tree | Click for Story• Strong Standard & Poor’s BB+ Grade Credit Rating• Family Dollar Ranked #281 on Fortune 500 List• Five (5.00%) Percent Rent Increases in Each Option Period• Low Rent Per Square Foot Ensures Longevity at Location

LOCATION HIGHLIGHTS• Well-Positioned on Main Thoroughfare in Downtown Wilkesville• Zero Retail Competition in the Immediate Area• Only National Retail | One-Stop-Shop for Locals• 10 Mile Population Exceeds 8,870 Residents• The Median Home Value within 10 Miles Exceeds $43,000• Average Household Income within 3 Miles Exceeds $53,000• Ideal Surrounding Demographics for Dollar Store

Price $1,021,188


Cap Rate 8.00%


Status Active

Property Notes


47 1218 State Route 93 NE, New Lexington, OH 43764

Sale Notes

• NN Lease Requires Minimal Landlord Responsibilities • Highest Yield New Construction Dollar Store on Market • New Built-to-Suit Construction FeaturingModern Prototype Store • Family Dollar was Recently Acquired By Dollar Tree • Strong Standard & Poor’s BB+ Grade Credit Rating • Family Dollar Ranked #281on Fortune 500 List • RARE 8.75% Rent Increases in Each Option Period • Low Rent Per Square Foot Ensures Longevity at Location


Positioned at 4-Way Stop | Over 7,300 Vehicles Per Day • 61 Miles From the State Capital of Columbus • Zero Retail Competition in the Immediate Area • OnlyNational Retail | One-Stop-Shop for Locals • 10 Mile Population Exceeds 25,510 Residents • The Median Home Value within 3 Miles Exceeds $87,000 • AverageHousehold Income within 3 Miles Exceeds $52,500 • Ideal Surrounding Demographics for Dollar Store

Price $2,300,000


Cap Rate 5.32%


Status Active

Property Notes


48 1503 Market St, Linwood, PA 19061

Sale Notes

2 year old building leased to Family Dollar for 15 yr initial term (13+ remaining) with corporate guarantee. 5% bumps at each of four 5 year renewals. TrueNNN..no landlord responsibilities.


This Family Dollar was built in 2016 and has an initial term of 15 years with a 10% increase in year 11 and the five 5 year renewals. Located in LowerChichester Township, Delaware County, Pa and part of the Philadelphia MSA. Excellent frontage with a traffic count of 16,279 VPD and less than 1 mile from I-95 (Traffic count: 121,031 VPD). The location offers nearby major commercial and retail corridors with 2.3 MSF of retail, 1.5MSF of office, 7.7MSF of industrialspace and 5400+ multifamily units within a 3 mile radius. Excellent demographics with a 3 mile population of 67,000+ and average annual household income of$64,200.

Price $1,820,575


Cap Rate 6.10%

Status Active

Property Notes


49 7750 9th Ave, Port Arthur, TX 77642


Matthews REIS and Josh Bishop are pleased to exclusively offer for sale the brand-new construction Family Dollar property located in Port Arthur, TX. Port Arthur is located just 15 miles south of Beaumont, TX, and a short 10 miles from Lamar University.

Price $1,339,000


Cap Rate 6.50%

Status Active

Property Notes


50 1409 Bridge City Ave, Bridge City, LA 70094

Sale Notes

The subject property is a brand new Family Dollar store located in Bridge City, LA, an immediate suburb of New Orleans. The store is scheduled to open inFebruary, 2018. The .96+/- acre lot is ideally located right off of Highway 90 which boasts an average daily traffic count of 41,000+. The store will benefit fromthe 60,000+ residents within a 3-mileradius and 250,000+ in a 5-mile radius.

Family Dollar is signed to a brand new 15-year NNN lease that is expected to commence in April, 2018 and will not expire until July, 2033, providing over 15years of scheduled rental income. Rent is scheduled to increase every 5 years, beginning in year 11 and continuing through each of the renewal optionperiods.


Family Dollar is an American variety store chain in the United States. With over 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington, it isthe second largest retailer of its type in the United States. Family Dollar is headquartered in Matthews, a suburb of Charlotte, North Carolina, where it employs1,400 people.

On July 28, 2014, Dollar Tree announced that it would purchase Family Dollar for $8.5 billion. On January 22, 2015, Family Dollar shareholders approved theDollar Tree bid.

Price $1,651,280


Cap Rate 6.25%


Status Active

Property Notes


51 7401 Ederville Rd, Fort Worth, TX 76112

Sale Notes

PROPERTY OVERVIEWTREK Investment Group is pleased to offer for sale Family Dollar in Fort Worth, Texas. Situated on a 1.25 acre hard corner lot near Interstate 30, at theintersection of Sandy Lane and Ederville Road, the property is positioned in a densely populated area with nearly 200,000 residents in a 5 mile radius. Theproperty is less than 2 miles from the Eastchase Market Shopping Complex and AMC Eastchase 9 Cinema, and less than 8 miles from the popular SixFlags/Hurricane Harbor Recreational Complexes, the Texas Rangers' Globe Life Ballpark, and the Dallas Cowboys' AT&T Football Stadium.

Price $1,335,086


Cap Rate 6.75%

Status Active

Property Notes


52 623 Nicholas St, Rupert, WV 25984


Matthews REIS and Josh Bishop are pleased to exclusively offer for sale the 2016 construction Family Dollar located in Rupert, West Virginia.

The subject property is on a rare Family Dollar lease structure which incorporates RENT INCREASES EVERY 3 YEARS. Assuming a purchase at list price andwith max increases, an investor would receive an average return of 7.44% over the base term of the lease. The store opened in March 2016 on a 15-year,absolute NNN lease.

The subject property is strategically located at the corner of Route 60 and 7th St. The average household income is approximately $52,000, making it an idealmarket for a dollar store.

Price $1,282,924


Cap Rate 6.60%

Status Active

Property Notes


53 467 E Mount Lookout Rd, Mount Lookout, WV 26678


Matthews REIS and Josh Bishop are pleased to exclusively offer for sale the Family Dollar property located in Mount Lookout, WV. The subject property is on a rare Family Dollar lease structure which incorporates RENT INCREASES EVERY 3-YEARS. Assuming a purchase at list price andwith maximum increases, an investor would receive an average return of 7.44% over the base term of the lease. The store opened in August of 2016 on a 15-year absolute NNN lease. The store is located at the intersection of Mount Lookout and Deitz Road. The average household income is approximately $55,000, making it an ideal market for a dollar store.

Price $1,373,872


Cap Rate 6.75%

Status Active

Property Notes


54 11753 Blue Gray Trl, Brandywine, WV 26802


Matthews REIS and Josh Bishop are pleased to exclusively offer for sale the Family Dollar property located in Brandywine, West Virginia. The subject property is on a 15-year absolute NNN lease, which incorporates a 10% rent increase after year 10 of the base term. The store is located at the intersection of Route 33 and Sugar Grove Road. The average household income is approximately $57,000, making it an ideal marketfor a dollar store.

Price $1,828,572


Cap Rate 7.00%


Status Active

Property Notes


55 7110 Seminole Trl, Ruckersville, VA 22968

Sale Notes

Sage Capital Partners is pleased to present this new construction relocation Family Dollar store in Ruckersville, Virginia.This store relocated the previous Family Dollar store number #3224, which operated successfully for many years across the street in the Food Lion shoppingcenter at 148 Cedar Grove Road.

By relocating the existing store to a new freestanding building, Family Dollar has shown their long-term commitmentto this market. This building features Family Dollar’s new prototype design, which includes an upgraded facadeconstructed of nichiha and EIFS.


Located on Highway 29 (Seminole Trail) in Ruckersville, Virginia, this site enjoys average annual daily traffic counts of28,000 and is situated between Washington D.C. and Richmond, Virginia. The site is located along the main retail corridorin Ruckersville, which includes the following national retailers: WalMart Supercenter, Lowe’s, Food Lion, AdvanceAuto, CVS, McDonald’s, Wendy’s, Taco Bell, and many more.

This is a market with a proven track record of success for Family Dollar. This new store will continue to serve thepopulation of over 16,000 residing within 5 miles, which has experienced 62.8% positive growth from 2000-2010.

Price $1,842,978


Cap Rate 6.75%

Status Active

Property Notes


56 404 W Genesee Ave, Saginaw, MI 48602

Sale Notes

Sage Capital Partners is pleased to present this new construction Family Dollar relocation store in Saginaw, Michigan.This store relocated the previous Family Dollar store number #2154, which was located in the Food Depotshopping center, directly east of the new store at 264 West Genesee Avenue. The previous store operated successfully in this market for many years. Byrelocating to a freestanding location on the hard corner of a signalized intersection, Family Dollar has shown their long-term commitment to this market. Thisnew building feature an attractive all-brick design.


Located on the hard corner of the signalized intersection of Gennesee Avenue and Michigan Avenue in Saginaw,Michigan, this site enjoys average annual daily traffic counts of 26,100 and is situated just across the Saginaw Riverfrom downtown Saginaw. The site is located adjacent to Walgreens and Rite Aid and is near many other national retailersincluding: McDonald’s, Taco Bell, 7-Eleven, Burger King, The Home Depot, Wal-Mart, Lowe’s, Target, Meijer, FoodDepot, Sam’s Club, Cabela’s, Fashion Square Mall, and many more.

Price $1,885,565


Cap Rate 5.75%


Status Active

Property Notes


57 1414 W Gulf Bank Rd, Houston, TX 77088

Sale Notes

Sands Investment Group is pleased to present this Family Dollar located in Houston, Texas. There is 15 years remaining on an Absolute Triple Net (NNN) Lease.


Sands Investment Group Austin, LLC - Max Freedman Lic #9004706

Price $1,536,800


Cap Rate 6.50%

Status Active

Property Notes


58 2588 NC Highway 710 S, Rowland, NC 28383

Sale Notes

Steve Horvath and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale, Family Dollar in Rowland (Fayetteville Area), NC. We welcomeyour review of this attractive investment. Highlights are as follows:

Price $2,271,186


Cap Rate 5.90%


Status Active

Property Notes


59 5300 Atlantic Springs Rd, Raleigh, NC 27616

Sale Notes

15 year initial term with rare 10% BUMP at year 11Six (6), five-year options with 10% increasesExcellent 1031 Exchange PropertyAbsolute NNN Lease Store Open with Full LeaseInitial term ends April, 2032

High Traffic CornerAtlantic Avenue and Atlantic Springs RoadGreat Upside1.29 Acre PropertyVery Strong Demographics

Price $1,140,811


Cap Rate 7.40%


Status Active

Property Notes


60 555 Crystola St, Calhan, CO 80808


Newly renovated Family Dollar with a corporate 10-year lease located in Calhan, Colorado. There are six (6) five (5) year options with rental increases. Thestore opened in August and is the only Family Dollar within 30 miles along U.S. Route 24.

The subject property is situated along U.S. Route 24, approximately 30 miles from Colorado Springs, with approximately 4,700 VPD. Calhan is less than an hourfrom Colorado Springs, two hours from Denver, and two and a half hours from Boulder. It is located in El Paso County, which is included in the Colorado SpringsMetropolitan Statistical Area, which has over 688,000 residents according to the 2016 US Census.

Price $1,163,769


Cap Rate 7.80%

Status Active

Property Notes


61 5893 NC Highway 48, Roanoke Rapids, NC 27870


Brand new 10-year NN Family Dollar located in Roanoke Rapids,NC with six (6) five (5) year renewal options. The newly constructed store was completed inMay 2017, and rent commenced on June 8th.

The subject property is located in the community of Roanoke Rapids, NC, which is part of the Golden East metro area. Situated near the intersection of StateRoute 48 and State Route 903, both of which can be accessed via Interstate 95. Roanoke Rapids is a familiar stopping point for travelers along I-95.

presented by christian s. marabella 10/18/2016 marabella ... · pdf filethe subject property...

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