Family Dollar | Low Rent & Price Point

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2256 Alta Dr.
Alderson, WV

Price: $987,000

Cap: 9.00%

NOI: $88,770

Building Size: 8,000 SF

Lot Size: 1.02 AC

Investment Highlights

LOWER RENT & PRICE POINT

• This Family Dollar has a lower rent which equates to a lower price point of under $1M.

NEAR LEWISBURG, WV | COUNTY SEAT

• The subject property is located 12 miles west of Lewisburg off Hwy 63.

• Lewisburg is the county seat of Greenbrier county and benefits from government jobs and growth.

• The WV State Fair is hosted in Lewisburg and had 170,000 visitors in 2022.

• National Retailers in Lewisburg include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more.

• Home to Greenbrier Valley Medical Center (122 beds) with 450 employees and 200 physicians.

RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE

• This Family Dollar has been operating at this location since 2013 and recently extended the lease for an additional 5 years.

• Family Dollar exercised their first option period in April 2023 which extended the lease through March 2028.

• There are 4 years remaining on a corporate guaranteed NN lease with Dollar Tree.

• This extension speaks to Family Dollars confidence and dedication to this market & location.

• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which only include Roof & Structure.

• There are 10% rent increases in each of the remaining four, 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

OFFERING MEMORANDUM

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