3020 W Columbus Dr
Tampa, FL 33607
Family Dollar - New Construction · Retail Property For Sale

Kentwood Capital Advisors is pleased to offer for sale to qualified investors this 15-Year Absolute NNN leased investment Family Dollar store with 5% rent increases beginning in year 10 and every 5 years thereafter. The property is leased to Family Dollar Stores, Inc., a wholly owned subsidiary of Dollar Tree (NYSE: DLTR), and is guaranteed by the parent company that has a current credit rating of BB+ by Standard and Poor’s and the net worth in excess of $5B and market cap of $21.74B. This new Family Dollar store currently under construction will benefit from its infill Tampa lo- cation. It is situated directly adjacent to a drive thru CVS at a signalized intersection of Mac-Dill Ave and Columbus Drive with approximately 40,000 vehicles per day passing by it. The property has excellent visibility and access as a result. The demographics are very strong with over 17,000 people in a 1 mile radius and $72,000 AHHI and 250,000 people in 5 mile with $66,000 AHHI level. The asset is situated amid numerous residential communities along a retail strip that features other noticeable national tenants including CVS, Dollar General, Waffle House, and Marathon Gas. The Tampa Bay market is consistently experiencing record growth in the state Florida and the country and has some of the highest ranked neighborhoods in the state and country for people to live.