Family Dollar Portfolio (10 Stores)
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PROPERTY ADDRESS
Various Locations
PROPERTY INFORMATION
Price:
16063000(Partof10StorePortfolio)
Cap Rate:
6.0%
Term Remaining:
13 Years
Status:
Closed
INVESTMENT SUMMARY
– Extremely Rare Master Leased Portfolio Offering
– 10 Locations Across Six States Offers Geographic Diversity
– Originally Part of FD Corporate Sale-Leaseback Transaction
– Each Location Specifically Selected For The Sale-Leaseback
– Huge Rent Bumps Offset Inflation Risk (Capped at 6% Every 3 Years)
– Tenant Cannot Vacate/Default On One Site Without Losing All 10 Sites
– More Than 13 Years Left On The Initial Lease Term
– Multiple Sites Have Three Sided Brick Facades
– Strong Population Growth At Majority Of Locations ( 8 out of 10)
– First Rent Escalation Set To Occur In March of 2018