FAMILY DOLLAR

6618 N. 30th St., Omaha, NE 68112
$600,000

Cap Rate
8.50%
Price Per SF
$74
Year Built
1998
Leasable Area
8,084 SF
Term Remaining
± 4.50 YRS
NOI
$51,000

Broker of Record

  • Kyle Matthews
  • License No. 20170883
  • (310) 919-5757
  • Matthews Retail Group, Inc.
  • 841 Apollo Street. Suite 150,
    El Segundo, CA 90245

INVESTMENT HIGHLIGHTS:

LEASE

  • Strong Commitment to Location – Family dollar has operated at this site for nearly 30 years recently extending their lease for another 5 years solidifying strong store performance
  • Minimal Landlord Responsibilities – 2019 roof upgrade making this a completely passive investment attractive for out of state investors
  • Attractive Return – 8.50% Cap Rate for a long-time stabilized tenant
  • Incredibly Low Rent-To-Sales Ratio – Family dollar is operating at a healthy 3.94% Rent-To-Sales ratio

LOCATION

  • Strong Demographics – Nearly 170,000 people within a 5-mile radius
  • Attractive Growth – The population is set to grow over 5.25% within a 1,3, and 5-mile radius
  • Large MSA – Omaha is the largest city in Nebraska with approximately 1.3 million people reside in the area
  • The property is just 3.5 miles away from Eppley Airfield that services over 5 million passengers a year

TENANT

  • Investment Grade Credit – With a market cap of ± $23.2 B Family Dollar is rated “BBB” by Standard & Poor’s
  • Family Dollar was recently acquired by Dollar Tree, Inc. and is now considered to be the nation’s “largest small-box discount retailer” with more than 13,500 locations nationwide
  • Both Family Dollar & Dollar Tree have plans to continue expanding over the next several years