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|
- 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.