913 1st St SW
Childersburg, AL 35044
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate guarantee – the lease is accompanied by a corporate guarantee from Family Dollar Stores, Inc.
- Extremely attractive 8.50% return on a stabilized investment
- Ideal 1031 exchange property for an investor seeking a reliable source of passive cash flow
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 913 1ST ST SW , CHILDERSBURG, AL 35044
LEASE & LOCATION 29-year operating history – Family Dollar has successfully operated at this location since 1981! Brand new 5-year lease – Family Dollar recently signed a brand-new lease at this location proving their commitment to the market and location Healthy rent-to-sales ratio – Family Dollar is operating at a low 6% rent-to-sales ratio which is considered extremely healthy H2 Renovations Slated for 2020 – Family Dollar has committed to making at least $100,000 of improvements to the location All brick construction building – no metal sides Local retail tenants include O’Reilly Auto Parts, AutoZone, CVS, Pizza Hut, Piggly Wiggly, Kangaroo Express, Citgo, Chevron and more! TENANT Recession Proof Concept – Family Investment Grade Credit Tenant (S&P Rating BBB-) Family Dollar was acquired by Dollar Tree in 2015 and is now considered one of the nation’s largest small-box discount retailers Family Dollar & Dollar Tree have more than 15,000 locations nationwide with plans to continue expansion for the foreseeable future
PROPERTY TAXES
| Parcel Number | 22-04-20-2-010-001.000 | Improvements Assessment | $29,220 |
| Land Assessment | $6,940 | Total Assessment | $36,160 |
