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Dollar Tree | New 10yr Corp NN w/ Incrs 224 S Main St 11,962 SF Retail Building Franklin, KY 42134 $2,391,373 CAD ($199.91 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Options To Extend | Low Rent PSF
- Signalized, Hard-Corner Intersection (19,100 VPD) | Retail Corridor | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
EXECUTIVE SUMMARY
• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease, with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent during the initial term and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant is paying rent of approximately $10 PSF
• The lease features flat rent during the initial term and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant is paying rent of approximately $10 PSF
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,962 SF
Building Class
C
Year Built/Renovated
1999/2025
Price
$2,391,373 CAD
Price Per SF
$199.91 CAD
Cap Rate
7%
NOI
$167,396 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
Commercial - General Business District
Parking
59 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar Tree
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar Tree | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 013-00-26-007.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,562,269 CAD |
PROPERTY TAXES
Parcel Number
013-00-26-007.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,562,269 CAD
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Dollar Tree | New 10yr Corp NN w/ Incrs | 224 S Main St
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