It is a general goods store for sale.
Description
Lettable area is 980 m²
Property is leased out to a single tenant.
Financial performance
Absolute income is 140,400 $.
The current yield of 5,2%.
Tenants
The tenant is Family Dollar — one of the biggest shop chains of America. In 2015 company was acquired by Dollar Tree, Inc., North America's leading operator of $ 1 price-point items, which combined now boast over 13,600 stores nationwide, with a market capitalization of $ 15.5 Billion.
The lease agreement is signed for 10 years and valid until 2025.
This is a corporate guarantee triple net lease with minimal landlord responsibilities.
Location and nearby infrastructure
Property is located in area with extended infrastructure. This is the only store with fixed price within 3 km radius.
