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Shop of goods with one price, yield of 5,2%, Los Angeles, USA

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Shop of goods with one price, yield of 5,2%, Los Angeles, USA

2,700,000 $
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Total area: 980 m² Yield: 5.2%
  • Land area: 2,491 m²

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 (approximately 9 years remaining).

This is a corporate guarantee triple net lease with minimal landlord responsibilities.

Location

Property is located in area with extended infrastructure. This is the only store with fixed price within 3 km radius.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in Los Angeles
+44 20 3608 1267
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