Family Dollar - Net Lease Property for Sale
Springfield, MA
Key Investment Metrics
Price
$2,168,922
Cap Rate
8.0%
Net Operating Income
$173,514
Building Size
8137 SF
Lot Size
8,137 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
About This Family Dollar Net Lease Property
This Family Dollar NNN (triple net lease) property is located in Springfield, MA and represents an excellent investment opportunity for commercial real estate investors. The property features 8137 square feet of building space and was built in 2018.
With a cap rate of 8.0%, this Family Dollar net lease property offers stable income potential. The asking price is $2,168,922, 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.
Springfield, MA Market Overview
Located in Springfield, MA, this Family Dollar property benefits from strong local demographics and market fundamentals. The Springfield area offers excellent visibility and accessibility, making it an ideal location for Family Dollar operations and a solid investment for net lease property buyers.