Atlantic Capital Partners is pleased to offer a freestanding Family Dollar located at 50 Central Avenue in Lynn, Massachusetts. Built in 2014, the 9,180 SF property is operated under a double net lease, with landlord responsibilities limited to roof and structure. The tenant has already exercised its first renewal option, extending the lease through March 2029, showing their commitment to this location. The property currently generates an annual rent of $176,000.
Positioned in a dense urban trade area just 10 miles north of Boston, the property benefits from strong demographics with more than 105,000 residents within
a five-mile radius. With traffic counts of nearly 20,000 vehicles per day and scheduled rent growth of 10% at each five-year option period, the asset offers investors a stable, long-term cash flow opportunity in a high-barrier Greater Boston market, while also providing attractive future redevelopment potential for higher and better use.