3480 W Pierson Rd | Flint, MI 48504
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3480 W Pierson Rd
Flint, MI 48504
Family Dollar | Top Performing Store, Top 90% · Retail Property For Sale
Investment Highlights
- Top Performing Family Dollar (Top 90% Location)
- 5 Mile Population: 116,175
- Investment Grade Tenant
- Interstate Location (73,748 VPD)
- Recently Extended Corporate NN Lease with Dollar Tree
Executive Summary
TOP PERFORMING FAMILY DOLLAR (TOP 90% LOCATION)
• This Family Dollar ranks in the top 90% of Family Dollar locations in the country and in Michigan (Placer.ai)
• According to Placer.ai, 75K customers visit this store per year which ranks this Family Dollar 27th out of 297 Family Dollars in the state.
INTERSTATE LOCATION (73,748 VPD)
• The subject property is located directly off Interstate 75 (73,748 VPD) on Pierson Rd (15,135 VPD).
• Surrounding national retailers on Pierson Rd include Home Depot, Kroger, ALDI, Tractor Supply, and more.
5 MILE POPULATION: 116,175
• This Family Dollar is located in a dense residential infill with 116,175 people in a 5 mile radius.
RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2014 and recently extended the lease for 5 years.
• Family Dollar exercised the first option period in October 2023 which extended the lease through September 2028 and increased the rent 10%.
• There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension and rent increase speak to Family Dollars confidence and dedication to this market & location.
• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include only Roof & Structure.
• There are 10% rent increases in each of the remaining four, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• This Family Dollar ranks in the top 90% of Family Dollar locations in the country and in Michigan (Placer.ai)
• According to Placer.ai, 75K customers visit this store per year which ranks this Family Dollar 27th out of 297 Family Dollars in the state.
INTERSTATE LOCATION (73,748 VPD)
• The subject property is located directly off Interstate 75 (73,748 VPD) on Pierson Rd (15,135 VPD).
• Surrounding national retailers on Pierson Rd include Home Depot, Kroger, ALDI, Tractor Supply, and more.
5 MILE POPULATION: 116,175
• This Family Dollar is located in a dense residential infill with 116,175 people in a 5 mile radius.
RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar has been operating at this location since 2014 and recently extended the lease for 5 years.
• Family Dollar exercised the first option period in October 2023 which extended the lease through September 2028 and increased the rent 10%.
• There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension and rent increase speak to Family Dollars confidence and dedication to this market & location.
• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include only Roof & Structure.
• There are 10% rent increases in each of the remaining four, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,857 SF
Building Class
B
Year Built
2014
Price
$1,265,000
Price Per SF
$71
Cap Rate
9%
NOI
$113,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
2.14 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
63 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 14-27-552-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $519,400 |
PROPERTY TAXES
Parcel Number
14-27-552-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$519,400
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