Family Dollar

Kansas City, MO

Price $2,318,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Available
Tenant Family Dollar
LEASE TYPE Absolute NNN
SQUARE FEET 8,320
PRICE/SQ FT $279
YEAR BUILT 2018
LEASE EXP. 2033
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Family Dollar with brand new 15 year Absolute NNN lease with RARE 10% rental increase in the 11th year. The tenant, Dollar Tree, completed the acquisition of Family Dollar, creating a combined organization operating over 14,700 stores across 48 states and 5 Canadian provinces. This location has rare upgraded brick and EFIS building with construction complete in April 2018.

The subject property is located in Kansas City, Missouri, in an infill location with high drive-by visibility on the hard corner. Family Dollar is located just outside of downtown Kansas City and is 5 miles from the University of Missouri-Kansas City, a public research university offering more than 120 academic programs & majors with total enrollment of 11,708. Nearby retailers include CVS, Save-A-Lot, Advance Auto Parts, Walgreens, AutoZone, Rent-A-Center, Costco and The Home Depot.

*In Association With: King Realty Advisors

Property Highlights

  • Brand New 15 Year Absolute NNN Lease with RARE 10% Rental Increase in the 11th Year
  • Upgraded Construction: RARE Upgraded Brick & EFIS Building
  • Situated on the Hard Corner of E 18th St & Prospect Ave where Traffic Counts Exceed 11,070 CPD!
  • Tenant: On July 6, 2015, Dollar Tree (NASDAQ: DLTR) Completed the Acquisition of Family Dollar, Creating Combined Organization Operating Over 14,700 Stores across 48 States & 5 Canadian Provinces
  • Infill Location: Conveniently Located in an Infill Area just Outside of Downtown Kansas City
  • Total Population (10 MI): 680,939 | Average Household Income (10 MI): $62,955