Family Dollar Tree

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Family Dollar Tree

13414 Riverside Dr
Oakwood, VA

Price: $1,175,000

Cap: 7.75%

NOI: $90,997

Building Size: 16,563 SF

Lot Size: 2 AC

Investment Highlights

LOW RENT PRICE POINT

• The subject property has a lower rent which equates to a low price point of $1,175,000.

INVESTMENT GRADE TENANT (S&P: BBB)

• 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.

9 YEAR CORPORATE LEASE

• Family Dollar Tree renovated & backfilled a former Save A-lot and signed a new 10 year lease that commenced in January 2023.

• There are approximately 8.5 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree.

• Tenant is responsible for Routine Parking Lot Maintenance, Taxes, Insurance, HVAC, Utilities, and Landscaping.

• The Landlord responsibilities include Roof, Structure and Parking Lot.

• The rent increases $0.50/SF in each of the Five, 5-year option periods.

NEAR PRINCETON, WV | COUNTY SEAT OF MERCER COUNTY

• This Family Dollar Tree is located 1.5 hours west of Princeton, WV.

• Princeton is the county seat of Mercer County and located directly off Interstate 77 (27,829 VPD)

• National Retailers in Princeton include Lowe’s Home Improvement, Kroger, Walmart, Big Lots, and more.

• Princeton Community Hospital is a leader in the region for medical care with 267 beds, 160 doctors, and 1,097 employees.

NEARBY NATIONAL RETAILERS

• National retailers in a 5 mile radius includes Tractor Supply, Food City, McDonalds, Dairy Queen and more.

Don McMinn

678-808-2762 | EMAIL >

Andrew Koriwchak

678-808-2816 | EMAIL >

OFFERING MEMORANDUM

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