Property Details

Family Dollar

Melbourne, FL
Property ID: 2260

    Financial Summary

    Asking Price $2,036,290
    Cap Rate 5.50%
    Net Operating Income (NOI) $111,997
    Lease Type NNN
    Lease Term Remaining 14 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Scott Campbell
    Director
    703.787.4714
    Patrick R. Nutt
    Managing Partner
    703.787.4714

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    Highlights

    • Brand new 15 year Family Dollar corporate lease
    • Rent is set to increase by the lesser of CPI or 6% every 3 years
    • Absolute NNN lease term guaranteed by Family Dollar Stores, Inc.
    • Florida has no state income tax

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    2200 Sarno Road
    Melbourne, FL

    Traci BidingerFamily Dollar