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Price: $673,333
CAP Rate: 9.00%
Address: 68 W. Front St.
City: Hancock
State: NY
Zip: 13783
Year Built: 2007
| Down Payment: $673,333
Sq. Ft.: 8,125
Lot Size: .09
Status: Available
NOI: $60,600
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Description:
The subject property is a freestanding Family Dollar with approximately 8,125 SQFT. The store is typical of the Family Dollar stores that dot the landscape of middle America. Family Dollar Stores, Inc. is one of the fasting growing discount store chains in the United States and is the nation's number two dollar store, just behind Dollar General. Fast-growing Family Dollar operates about 6,000 stores in 44 states. The merchandising concept that drives this growth offers customers good values in low cost, basic merchandise for family home needs. Family Dollar emphasizes neighborhood stores near its low- and middle-income customers in rural and urban areas.
Investment Highlights:
8 years remaining on NN lease with 4-5 year options
10% rent increases in option periods
Newer store; built 11/07
Second Largest Discount Store in the Country
Operates Over 6,000 Stores in the United States
Corporate Guarantee From Strong Tenant
Financing Summary:
All cash
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