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Family Dollar Net Lease Investment Opportunity | 5.8% Cap Rate

1531 Campbellton Rd SW
Atlanta, GA 30311
PRICE : $2,497,000
CAP RATE: 5.8%
PROPERTY TYPE: Retail
SITE SIZE: 1.09 Acres
BUILDING SIZE: 9,107 SF

Highlights

  • 14+ years remaining on 15-year absolute NNN lease through May 2034
  • Rent increases 10% in Year 11 and in each of the six 5-year renewals
  • All-brick construction
  • Located in a densely populated area of SW Atlanta
  • Corporate guarantee by Family Dollar, a subsidiary of Dollar Tree
  • Ideal for a 1031 investor
  • Zero Landlord responsibilities
  • $144,813 annual NOI

Description

Bull Realty is offering this all-brick Family Dollar with 14 years remaining on a rare 15-year NNN lease. The store is located in metro Atlanta, just southeast of Downtown Atlanta, near Tyler Perry Studios, with a 3-mile population of over 89K. The 15-year absolute NNN lease has a 10% increase in Year 11 of the initial term with six 5-year renewal options, each with 10% rent increases. Rent commenced in July of 2018 and runs through May 2034. The tenant pays the real estate taxes and insurance on the property directly. There are no Landlord responsibilities. While sales are not reported, the store is projected to be a strong performer for Family Dollar.

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