3 Family Dollar Stores Property Type: Commercial Availability: Available Condition: New Asking Price: $2,225,000 Location: Glen Daniels - Mt. Hope - Harts Glen Daniel, West Virginia 25844 Country: USA Sales Agent: Jason Ellis Email Sales Agent: Email Sales Agent Phone Number: 843-222-2672 Stories: 0.0
Family Dollar operates over 6,600 stores in a contiguous 44 -state area ranging northeast to Maine, southeast to Florida, as far northwest as Idaho and southwest to Arizona. A typical store ranges in size from 7,500 to 9,500 square feet and most are operated under leases. The relatively small store size permits us to open new stores in rural areas and small towns, as well as in large urban neighborhoods. Within these markets, Family Dollar stores are located in shopping centers or as free-standing buildings or in urban storefronts. The nation’s #2 dollar store targets budget shoppers earning around $30,000 a year. Consumables (food, health/beauty aids, and household products) account for about 60% of sales; the stores also sell apparel, shoes, and linens. Family Dollar specializes in the low and middle income consumer market. Most merchandise is less than $10.00 ____________________________________ Store #6799 1034 McClellan Highway, Route 10 Harts WV 25524 Size of Storeroom: 9,180 s/f 102’ front x 90’ deep Turn over date: August 5, 2005 Grand Opening: August 25, 2005 Fixed Term of Lease - (Ten Years) Expires December 31, 2015 Annual Rent: $70,600.08 Monthly Rent: $ 5,883.34 (No Overage Rent Clause) ____________________________________ Store #7067 121 Glen Daniel Commerce Center Glen Daniel WV 25844 Size of Storeroom: 9,180 s/f 102’ front x 90’ deep Turn over date: August 11, 2006 Grand Opening: August 27, 2006 Fixed Term of Lease - (Ten Years) Expires December 31, 2016 Annual Rent $60,400.08 Monthly Rent: $ 5,033.34 Overage Clause 3% over $2,000,000.00 in annual sales ____________________________________ Store #7116 202 Commerce Drive, Intersection Route 16 & 211 Mount Hope WV 25880 Size of Storeroom: 8,000 s/f 100’ front x 80’ deep Turn over date: June 29, 2007 Grand Opening: August 2, 2007 Fixed Term of Lease - (Ten Years): Expires December 31, 2017 Annual Rent: $64,100.04 Monthly Rent: $ 5,341.67
All stores are freestanding All stores have 10yr leases w/ options All leases have FD corporate guarantee Being offered at just below 9% Cap Rate