Type: Free Standing
Occupancy: 100%
CAP Rate: 5.50%
Rentable Square Feet: 8,240SF = 765m2
Lot Sizes: 1.3AC = 5,261m2
NOI: $114,623 / year
Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including property taxes and insurance
Lease Term: BRAND NEW 15 years initial term (Untill December 31, 2031)
Rent Increase: 6% every 3 years or by the lesser of CPI.
Extension: 6 - 5 Year Options
Guarantor: Family Dollar Stores, INC. (One of nation’s fastest growing retailers in USA. More than 7,900
Stores in 46 states with sales in excess of $10 Billion.)
Extras: New construction store open in 2015.
Location: Great Location in Vero Beach Florida.