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Family Dollar Net Lease Investment | 5.9% Cap Rate | Atlanta MSA

3985 Flat Shoals Road
Union City, GA 30291
PRICE : $2,365,000
CAP RATE: 5.9%
PROPERTY TYPE: Retail
SITE SIZE: 2.01 Acres
BUILDING SIZE: 9,180 SF
YEAR BUILT: 2016

Highlights

  • Absolute NNN, all brick Family Dollar located in Atlanta (Fulton County) MSA
  • Over 100,907 population within 5 miles
  • Strong store sales with larger, attractive, 9,180 SF prototype on over 2-acres
  • 10+ years remaining on 15-year initial 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 19,000 VPD with close proximity to Interstate 85 and Hartsfield Jackson International Airport
  • Investor peace of mind of “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 Union City, GA, a densely populated area in the Southern Region of the Atlanta MSA. The store opened in April 2016, featuring 10+ years remaining on a 15-year NNN lease. There are six five- year renewal periods and a rare 10% rent increase in Year 11 of the initial term and in each of the option periods.

The store is situated on a large, ± 2.01-acre corner parcel, just 0.3 miles from Interstate 85. Nearby traffic counts were 19,000 VPD in 2019. Commercial & government properties in the immediate area include Mercedes-Benz of Atlanta South, Fulton County Schools South Learning Center, Benjamin Banneker High School, The Gladys S. Dennard Library at South Fulton, Bank of America Southside Operations, and the Union City Park and Ride. The population within three miles is 52,030 with an average household income of $60,499.

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