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Net Leased Family Dollar 780 S US Highway 93 8,320 SF Retail Building Challis, ID 83226 $1,381,895 CAD ($166.09 CAD/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease – Landlord Responsible for Roof & Structure Only
- Highly Visible Site Along Main Commercial Corridor
- Corporate Guarantee – Family Dollar Stores, Inc.
- Serves Local Residents and Regional Pass-Through Traffic
EXECUTIVE SUMMARY
This is the opportunity to acquire a net-leased Family Dollar located in Challis, Idaho. The property consists of an ±8,000 square foot freestanding building with excellent visibility along South Highway 93, the main commercial corridor serving the local community. As the county seat of Custer County and a hub for both residents and travelers passing through Central Idaho, Challis offers steady local and regional traffic.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through September 30, 2027, and includes five (5) additional five-year renewal options with no rental increases during the base or option periods.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through September 30, 2027, and includes five (5) additional five-year renewal options with no rental increases during the base or option periods.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2012
Price
$1,381,895 CAD
Price Per SF
$166.09 CAD
Cap Rate
9.25%
NOI
$127,825 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.06 AC
Parking
30 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
146’ on S U.S. 93
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | RPA01070010013A | Improvements Assessment | $525,530 CAD |
| Land Assessment | $74,270 CAD | Total Assessment | $599,800 CAD |
PROPERTY TAXES
Parcel Number
RPA01070010013A
Land Assessment
$74,270 CAD
Improvements Assessment
$525,530 CAD
Total Assessment
$599,800 CAD
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Net Leased Family Dollar | 780 S US Highway 93
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