Family Dollar for Sale in Springfield, MA
Springfield, MA
Key Investment Metrics
Price
$2,168,922
Cap Rate
8.0%
Net Operating Income
$173,514
Building Size
8137 SF
Land Area
1.03 Acres
Remaining Term
10 years
Lease Expiration
09/30/2036
Lease Term
18.5 years
Lease Commencement
03/21/2018
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2018
Tenancy
Single
Rent Increases
10% rental increase in October 2028, and 8% increases in all six option periods
AI illustration · Not the listed propertyProperty overview
Family Dollar in Springfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,137 SF
- Land area
- 1.03 acres
- Year built
- 2018
- Lease type
- Absolute NNN
- Lease expiration
- 09/30/2036
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.