Family Dollar

  SOLD May 2021 for $1,575,000

1177 Plum Street, Jennings, Florida 32053


Documents
Building Size8,400 Square Feet
Land Size1.45 Acres
ZoningCommercial
Year Built2016
NOI101938.08
Lease Term11 Years remaining
Lease OptionsSix, five year options
Rent increases10% in year 10/every option
Cap Rate6.3%

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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