Family Dollar Tree | 1610 Chatburn Ave
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Family Dollar Tree 1610 Chatburn Ave
10,500 SF 100% Leased Retail Building Harlan, IA 51537 $1,260,000 ($120/SF) 8% Cap Rate
Investment Highlights
- 2023 Retrofit Family Dollar Tree
- Corporately guaranteed lease
- Family Dollar Tree Combo stores have proven 20% higher sales volume than non-co-branded stores
- ±8.75 years remaining on an initial 10-year lease
- Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options
- The subject property comes with a 20-year roof warranty
Executive Summary
BROKER OF RECORD
ADAM MAREK
LIC # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
ADAM MAREK
LIC # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$1,260,000
Price Per SF
$120
Cap Rate
8%
NOI
$100,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
185 FT on Chatburn Avenue
Nearby Major Retailers
1 of 3
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Family Dollar Tree | 1610 Chatburn Ave
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