Family Dollar/Dollar Tree | 215 W Savannah St
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Family Dollar/Dollar Tree 215 W Savannah St
10,500 SF 100% Leased Retail Building Calhoun Falls, SC 29628 $1,358,084 ($129/SF) 8.35% Cap Rate
Investment Highlights
- 2022 Built-to-suit construction for Family Dollar Tree
- Five, 5-Year Options with rent increases of $5,250 ($.50 PSF)
- ±8.5-Year NN+ lease w/ limited landlord responsibilities
- Extremely strong corporately guaranteed lease
Executive Summary
Located 50 Miles East of Athens, GA on Highway 72, a main artery from Georgia to South Carolina. Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores. Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Dollar Tree boasts an investment-grade credit rating of BBB-. Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,500 SF
Building Class
C
Year Built
2022
Price
$1,358,084
Price Per SF
$129
Cap Rate
8.35%
NOI
$113,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.10 AC
Zoning
C - Commercial
Parking
23 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
613 FT on Calhoun Shores Parkway
Amenities
- Air Conditioning
PROPERTY TAXES
Parcel Number | 153-15-06-003 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $2,400 |
PROPERTY TAXES
Parcel Number
153-15-06-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,400
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Family Dollar/Dollar Tree | 215 W Savannah St
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