Family Dollar Net Lease Investment | 5.9% Cap Rate | Atlanta MSA
4226 Washington Road
East Point, GA 30344
| PRICE : | $2,395,000 |
|---|---|
| CAP RATE: | 5.9% |
| PROPERTY TYPE: | Retail |
| SITE SIZE: | 1.55 Acres |
| BUILDING SIZE: | 8,320 SF |
| YEAR BUILT: | 2016 |
Highlights
- • Absolute NNN leased, all brick Family Dollar located in metro Atlanta (Fulton) with over 56,000 population within 3 miles
- • Strong sales at this newer 2016 construction
- • Attractive 8,320 SF store on ± 1.5 acres
- • 10+ years remaining on 15 year NNN lease with rare 10% increase in year 11 and six 5-year options with 10% increases in each option period with no landlord responsibilities
- • Traffic counts of ± 11,000 VPD with close proximity to Interstate 285 and Camp Creek Marketplace
- • Investor peace of mind of having an “essential business” with strong corporate guarantor
- • Average cap rate for remaining initial term of 6.2%
- • Offered at a 5.9% cap rate
Description
This all brick Family Dollar is located in the city of East Point, a densely populated area in the Atlanta MSA. The store opened in April 2016 and features a 15-year NNN lease with six five-year renewal periods. It has 10% rent increases in year 11 of the initial term and in each of the option periods.
The store sits on a large, beautifully landscaped, ±1.5-acre parcel, just 0.2 miles from Interstate 285. Nearby traffic counts were 11,000 VPD in 2019. It is less than two miles southwest of Camp Creek Marketplace, a large national tenant shopping district. The population within a three-mile radius is 56,030 with an average household income of $61,112.
East Point is located five minutes east from Atlanta’s Hartsfield Jackson International Airport. It is thirteen miles southwest of Downtown Atlanta.
