Sperry Van Ness is pleased to present this NN leased Family Dollar built in 2002 with lease term extended through June 30, 2022. The 8% cap rate increases to 8.2% with a 5% rent increase on 10/1/2016. Sperry Van Ness is pleased to present this Frankfort, Ohio Family Dollar. The store is located in a rural community south of Columbus and is the primary source of discount food and household items for the community. The lease was renewed in 2013 for five (5) years. The investment has 9 years remaining on its original lease, with three (3) options for five (5) year extensions. In 2022 there is a 10% rent increase providing favorable terms for the landlord. The lease is structured as a double net lease whereas the tenant is responsible for insurance, taxes and CAM. Landlord is responsible for roof and structure. This property is available individually or a as part of a three Family Dollar Ohio portfolio. Sales Info: ■ Commision split: 4.0% Location Description: Frankfort is a village in Ross County, Ohio located 50 miles south of Columbus. Highlights: ■ Family Dollar Investment ■ Leased through 6/30/2022 ■ 10% rent increase at renewal ■ 3-5 year options ■ Primary community retailer « show less
Sperry Van Ness is pleased to present this NN leased Family Dollar built in 2002 with lease term extended through June 30, 2022. The 8% cap rate... show more »
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