Listed ByJonah Katz
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NMR & Associates is pleased to offer the following single tenant
Family Dollar investment opportunity in Columbus, Ohio. The
subject property is located four miles east of downtown.
The building was a 2002 built to suit for Family with all-brick
exterior and a metal roof with standard warranty. Family Dollar
reported $973k in 2015 store sales, with recent annual store
sales consistently at $1.03MM. The store has a history of above
average store sales exceeding $1.5MM in the last decade.
Roughly three and a half years remain in the first option period
of the NN lease. Three five-year options remain with 10 percent
rental increases at each renewal. The property, situated on just
under a half acre, is located in a submarket with well over
120,000 residents within three miles. Located on East Main
Street, the property is situated amongst numerous retailers and
businesses, including a newly remodeled Kroger Grocery store,
KFC, Chipotle, Starbucks and Rusty Bucket.