Family Dollar
1177 Plum Street, Jennings, Florida 32053
Sold: $1,575,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
8,400 sqft
Land Size
1.45 acres
Zoning
Commercial
Year Built
2016
N O I
101938.08
Cap Rate
6.3%
Lease Term
11 Years remaining
Lease Options
Six, five year options
Rent Increases
10% in year 10/every option
Property Description
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.