Family Dollar - Net Lease Property for Sale
Altoona, AL
Key Investment Metrics
Price
$1,798,500
Cap Rate
7.0%
Net Operating Income
$125,895
Building Size
10500 SF
Lot Size
10,500 SF
Land Area
1.71 Acres
Remaining Term
8.6 years
Lease Expiration
07/31/2034
Lease Term
10 years
Lease Commencement
08/01/2024
Lease Type
NN+
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
About This Family Dollar Net Lease Property
This Family Dollar NNN (triple net lease) property is located in Altoona, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 10500 square feet of building space and was built in 2024.
With a cap rate of 7.0%, this Family Dollar net lease property offers stable income potential. The asking price is $1,798,500, making it an attractive option for 1031 exchange investors seeking quality Family Dollar commercial properties.
Why Invest in Family Dollar NNN Properties?
- Stable Income: Family Dollar net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Family Dollar is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Altoona, AL Market Overview
Located in Altoona, AL, this Family Dollar property benefits from strong local demographics and market fundamentals. The Altoona area offers excellent visibility and accessibility, making it an ideal location for Family Dollar operations and a solid investment for net lease property buyers.