Family Dollar | Top Performing Store (Top 87%)

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157 West Grand Ave.
Arco, ID

Price: $978,000

Cap: 9.00%

NOI: $88,000

Building Size: 8,000 SF

Lot Size: 0.43 AC

Investment Highlights

TOP PERFORMING FAMILY DOLLAR (TOP 87%)

• This Family Dollar ranks in the top 87% of Family Dollar locations in Idaho and is in the top 81% in the US (Placer.ai)

• According to Placer.ai, 59.3K customers visit this store per year which ranks this Family Dollar 7 out of 48 Family Dollars in the state.

LOWER RENT & PRICE POINT

• The subject property has a lower rent that equates to a low price point of under $1M.

NEAR IDAHO FALLS | 4TH MOST POPULOUS CITY IN ID

• Arco is located in central Idaho about an hour west of downtown Idaho Falls on highway 26.

• Idaho Falls is the fourth most populous city in Idaho and the county seat of Bonneville County. It is the state's most populous city outside the Boise metropolitan area.

• Idaho Falls serves as the commercial, cultural, and healthcare hub for Eastern Idaho, as well as parts of western Wyoming and southern Montana

• It is served by the Idaho Falls Regional Airport and is home to the College of Eastern Idaho, Museum of Idaho, Idaho Falls Idaho Temple, and the Idaho Falls Chukars minor league baseball team.

CORPORATE NN LEASE WITH DOLLAR TREE

• 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 July 2022 which extended the lease through June 2027.

• There are over 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 (repairs ≤ $1,000 annually), taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $1,000)

• There are 10% rent increases in each of the remaining three, 5-year option periods.

INVESTMENT GRADE TENANT

• 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

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