Family Dollar / Dollar Tree Combo Store | Park City, KY
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,500 SF Family Dollar / Dollar Tree Combo Store NN Located in Park City, Kentucky. This Investment Grade Credit Deal Includes 7+ Years Remaining on the Lease Term With Five (5) By 5-Year Option Periods. This Family Dollar/ Dollar Tree Location is Being Sold in Connection With Another Location in Kentucky at the Same Price Point and Ownership is Open to Providing Seller Financing.
- Lease Duration: 7+ Years Remaining on the Base Lease Term with Five (5) By 5-Year Option Periods; $0.50 Per Square Foot (5%) Rent Increase at Each Option Period
- Seller Financing: Favorable Terms Available to Qualified Borrowers; Inquire with Broker for Details
- Pricing: 7.65% Cap Rate Puts This Deal at the Top of the Range for Available Dollar Stores With 7+ Years Remaining
- Tenant Strength: Strong Corporate Guaranty by Investment Grade Tenant; Dollar Tree Inc. Had a 7.88% Increase in Revenue in the Fiscal Year Ending 07/31/2023 and Has a S&P Credit Rating of BBB
- Minimal Landlord Responsibilities: Limited to Roof and Structure
- Newer Construction: Completed in 2021
- Location: Excellent Visibility Along a Main Park City Artery With Direct Access To/From Highway 65
- Demographics: Ideal Average Household Income of $45,500 Within 3 & 5-Miles Positions for Long-Term Success for Family Dollar
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker – Lic. #260997 BoR: Scott Reid – Lic. KY #260934
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