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Browse More Listings in Retail For Sale, Tuskegee, AL or Alabama

Retail Property For Sale

Family Dollar (2009 Construction)

208 West Martin Luther King Highway, Tuskegee, AL 36083

Price:
$1,097,568
Building Size:
9,180 SF
Price/SF:
$119.56
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Construction Status:
Under Construction
Cap Rate:
9.25%
Tenancy:
Single
Year Built:
2009
Find Out More...

Last Verified 11/16/2009 Listing ID 16299681

Highlights

Rare 5% Rent Increase in Year 6
Family Dollar Stock (FDO) was Top-Performing Component of S&P 500 Index in 2008
Brand New 2009 Construction

10 Year NN Lease - Guaranteed by Fortune 500 Company
Five, 5-Year Options to Renew
Highly Visible In-Town Location Adjacent to CVS, KFC, and McDonald's

Description

The subject property will be a 9,180+/- square foot freestanding Family Dollar store located at 208 West Martin Luther King Highway, Tuskegee, AL 36083. The store is expected to be completed later in 2009. The site is ideally positioned on a main retail thoroughfare, making it convenient for area shoppers. In addition to Family Dollar, other retailers in the vicinity include CVS, McDonald's, Piggly Wiggly and Burger King.

Family Dollar has signed a new 10 year NN lease which is expected to commence later in 2009. The lease offers a rare 5% rent increase during the initial term at the beginning of year 6. The lease also includes 5, 5-year option periods with 10% rent increases in each. Additionally, the tenant is required to reimburse landlord for Taxes and Insurance. Further, the tenant is responsible for performing all CAM.

Tuskegee is a city in Macon County, Alabama, United States. At the 2000 census the population was 11,846 and is designated a Micropolitan Statistical Area. Located in Macon County, Alabama, Tuskegee is 40 miles east of Montgomery, Alabama, and 20 miles west of the city of Auburn, Alabama. It is also within easy driving distance to the cities of Birmingham, Alabama and Atlanta, Georgia.

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$101,525

Tenant	SF Occupied	Lease Expired
Family Dollar	9,180	7/1/2019

Map of 208 West Martin Luther King Highway, Tuskegee, AL 36083 (Macon County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Pete Paule (704) 831-4625

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Created 6/30/2009

Additional Information for 208 W Martin Luther King Highway, Tuskegee, AL 36083

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Family Dollar (2009 Construction)

208 West Martin Luther King Highway, Tuskegee, AL, 36083