Family Dollar
SOLD May 2021 for $1,575,000
1177 Plum Street, Jennings, Florida 32053
| Building Size | 8,400 Square Feet |
| Land Size | 1.45 Acres |
| Zoning | Commercial |
| Year Built | 2016 |
| NOI | 101938.08 |
| Lease Term | 11 Years remaining |
| Lease Options | Six, five year options |
| Rent increases | 10% in year 10/every option |
| Cap Rate | 6.3% |
Available for sale is a true triple net leased property with 11 years remaining on its original lease term. There is a 10% rent increase scheduled in year ten and six, five year options still remaining. The tenant is the Family Dollar, who operates under the brands Dollar Tree, Family Dollar and Dollar Tree Canada. The brands business model has alowed them to expand to more then 15,000 stores in 48 states and five Canadian provinces.
Agent
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Office Phone: (386) 775-8633Mobile: (305) 923-9983
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.