Family Dollar – Lake Wales, FL

Investment Offering – $1,575,000

135 W. Central Ave., Lake Wales, FL 33853

NOI: $126,000 Cap Rate: 8.00%
Lease Term: 10 Remaining Term: 10
Lease Type: NN Building Sq. Ft.: 9,776
Renewal Options: Two (2), Five (5) Year Options

PROPERTY HIGHLIGHTS

  • Long Term lease extension with Family Dollar
  • Existing Store that has operated as a Family Dollar for over 35 years
  • Strong Store Sales, Tenant’s strong commitment to the location through a long term lease extension
  • New 10 year term with two five year options periods
  • Part of the Lakeland–Winter Haven Metropolitan Statistical Area. Lake Wales is located in central Florida, west of Lake Kissimmee and east of Tampa
  • 55 Miles South of Orlando International Airport
  • Scheduled rental increases of 21% in First option and 10% in Second option
  • Situated in the central business district of the City. Next to the City of Lake Wales municipal building and the Chamber of Commerce.
  • Excellent Visibility and Access along Central Avenue which is surrounding by many long standing local businesses. Large parcel with abundant parking.
  • As of January 2017, Dollar Tree has revenues of over $20 billion, a net income of $890 million and a net worth in excess of $5 billion. Standard and Poor’s credit Rating of BB+.

CONTACT US

PAUL TRUPIA III
P: 646.791.0818
paul@kentwoodcapital.com

ED BRESLIN
P: 310.774.3790
ebreslin@kentwoodcapital.com

OFFERING
MEMORANDUM

To download the offering memorandum, please enter your name, email address and indicate whether you are a Buyer or Broker: