Family Dollar

• Early Corporate Commitment (Top-Performing Store): Demonstrating high confidence in this location, Family Dollar executed a lease extension two full years before their original expiration date. This fresh 10-year term provides guaranteed cash flow through September 30, 2036.
• Ideal 1031 Exchange Target: With over a decade of guaranteed term remaining, a passive lease structure, and an income-tax-free Florida location, this asset is a highly secure safe haven for 1031 exchange investors looking to seamlessly transition into reliable yield.
• Attractive Yield & Price Point: Strategically priced at $1,558,518, the property offers an attractive 6.75% capitalization rate with a flat, guaranteed annual rent of $105,200.04 ($8,766.67 per month) through the base term.
• Long-Term Upside & Inflation Hedge: The lease provides outstanding long-term security with thirty (30) years of options remaining, broken down into six, 5-year extended terms. Investors benefit from a 5% rent increase at the start of each of these option periods, ensuring steady yield growth.
• Strategic Florida-Georgia Line Location: Situated at 17 West Washington Street in the historic river town of Chattahoochee, FL. Positioned right on the state line near the convergence of the Chattahoochee and Flint Rivers, the property successfully draws a consistent, cross-border consumer base from both Florida and Georgia.
• Passive NN Lease Structure: The Double Net (NN) lease limits landlord responsibilities primarily to the roof and structure. The tenant is responsible for day-to-day maintenance and reimburses the landlord for real estate taxes and property insurance.
• Corporate Guarantee: The lease is officially backed by Family Dollar Stores of Florida, LLC, providing the financial security and peace of mind of a nationally recognized essential retailer.