1003 Eagle Crest Dr - Freestanding FOR SALE
Holden, MO 64040 |
$1,230,000 USD
650-678-7200
1003 Eagle Crest Dr
Holden, MO 64040
HIGHLIGHTS
- 10-year corporate net lease featuring five, 5-year extension options at increased rents
- Lease is guaranteed by Family Dollar Stores, Inc. (see below)
- 2024 build-to-suit construction to tenant’s “combo store” prototype
- Below market combo store rent – $9.55/SF, extremely low price per foot – $ 117.14
- 20-year roof warranty in place
- Private equity backed – acquired for $1B by Brigade Capital Management, LP ($29B in AUM) and Macellum Capital Management, LLC
OVERVIEW
A corporate Family Dollar Tree with a 10-year base term lease and five, 5-year options to extend the lease at increased rents. The tenant is private equity backed after being acquired earlier this year and the co-branded Family Dollar Tree combo stores have proven 20% higher sales volumes than the non co-branded stores.
FOR SALE DETAILS
PRICE
$1,230,000 USD
PRICE/SF
$117 USD /SF
CAP RATE
8.15%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar / Dollar Tree
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
2.05 AC
LAND SF
89,298 SF
ZONING
C
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
650-678-7200
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
650-678-7200
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
