Family Dollar | Strong Store Sales

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240 Market St
Keenesburg (Denver MSA), CO

Price: $1,162,000

Cap: 9.00%

NOI: $104,500

Building Size: 8,122 SF

Lot Size: 2.15 AC

Investment Highlights

STRONG STORE SALES & HEALTHY RENT TO SALES RATIO

• This property has above average store sales and a lower rent which equates to a healthy rent to sales ratio.

• Reach out to listing agent for sales details.

LOW RENT & PRICE POINT

• The subject property has a low rent which equates to a low price point of $1,162,000

AFFULENT MARKET IN THE DENVER MSA | CAPITAL OF CO

• Keenesburg is located about 40 minutes northeast of downtown Denver and is a part of the MSA.

• Keenesburg is an affluent market with a 5 mile average household income of $96,709 which is superior to most Family Dollar locations.

• The 5 mile population growth is 13.41%

• Denver is the capital and the most populated city of Colorado and has seen a 19.22% increase in population growth since 2010.

• The Denver MSA has a gross metropolitan product of $157.6 billion in 2010, making it the 18th largest metro economy in the United States.

INTERSTATE LOCATION (14,000 VPD)

• This Family Dollar is located on Interstate 76 (14,000 VPD). I-76 connects this Keenesburg directly to downtown Denver.

CORPORATE NN LEASE WITH DOLLAR TREE

• This Family Dollar has been operating at this location since 2012 and recently extended the lease for an additional 5 years.

• Family Dollar exercised their first option period in October 2022 which extended the lease through September 2027.

• There are 3.5 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 (repairs ≤ $2,000 annually), taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $2,000)

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

Don McMinn

678-808-2762 | EMAIL >

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