Investment Offering – $1,590,112
Location: 206 E. Main St, Kingstree, SC 29556
| Current Rent: $99,382 | Cap Rate: 6.25% |
| Lease Term: 15 | Remaining Term: 15 |
| Lease Type: NNN | Building Sq. Ft.: 9,212 |
| Renewal Options: 6, Five Year Options | |
PROPERTY HIGHLIGHTS
- Brand New relocation store. The property is located on Main Street in downtown Kingstree in a proven and successful location. Very strong store sales.
- The property is 100% leased to Family Dollar Stores of South Carolina, Inc. and guaranteed by Dollar Tree, Inc.
- Reported traffic counts on on Main St are 10,000+/- ADT.
- Building is a newer, larger prototype for Family Dollar (9,212 SF).
- Brand New Fifteen (15)+ Year Lease Term that will commenced in November 2015.
- Six (6), Five (5) Year Renewal Options with 10% increases in each option period.
- As of August 2013, Family Dollar Stores, Inc. had revenues of $10.3 billion, a net income of $443 million and a net worth in excess of $1.6 billion.
CONTACT US
PAUL TRUPIA III
P: 646.791.0818
paul@kentwoodcapital.com
ED BRESLIN
P: 310.774.3790
ebreslin@kentwoodcapital.com
OFFERING
MEMORANDUM
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