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Family Dollar | Dollar Tree 299 Old Fort Rd 10,500 SF Retail Building Fort Deposit, AL 36032 $2,047,392 CAD ($194.99 CAD/SF) 8.75% Cap Rate
Investment Highlights
- New Construction | Opened Q2 2024.
- Ten Mile Average Household Income $59,763.
- Rare Dollar Tree Lease Guarantee (Not Family Dollar).
- Ten Mile population is 4,869.
Executive Summary
Fortis Net Lease is pleased to present this 10,500 SF Family Dollar/Dollar Tree hybrid store located in Fort Deposit, AL. The property is encumbered with a ten year double net lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Store is highly visible as it is strategically positioned along Old Fort Road in the city of Fort Deposit. The ten mile population is 4,869 with the ten mile average household income at $59,763. These are above-average demographics for a Dollar Store. This investment will offer a new ownersuccess due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
This Store is highly visible as it is strategically positioned along Old Fort Road in the city of Fort Deposit. The ten mile population is 4,869 with the ten mile average household income at $59,763. These are above-average demographics for a Dollar Store. This investment will offer a new ownersuccess due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Building Class
C
Year Built
2024
Price
$2,047,392 CAD
Price Per SF
$194.99 CAD
Cap Rate
8.75%
NOI
$179,147 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.38 AC
Zoning
C-1 - Commercial
Parking
40 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
151’ on Gilmer Hills Road
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 26-09-29-0-003-067-000-0 | Improvements Assessment | $4,072 CAD |
| Land Assessment | $2,697 CAD | Total Assessment | $6,769 CAD |
Property Taxes
Parcel Number
26-09-29-0-003-067-000-0
Land Assessment
$2,697 CAD
Improvements Assessment
$4,072 CAD
Total Assessment
$6,769 CAD
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Family Dollar | Dollar Tree | 299 Old Fort Rd
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