Matthews Logo

Navigation Menu

1410 E Aultman St, Ely, NV

FAMILY DOLLAR
$1,309,103

Key Information

Cap Rate
8.25%
Year Built
2015
Term Remaining
5.25
Type
Retail
Leasable Area
8,320

Highlights

  • 2015 Built-to-Suit for Family Dollar
  • Extremely rare ABS NNN lease with zero landlord responsibilities
  • CPI based increases every 3 years (6% max) providing an excellent hedge against inflation
  • Traffic counts in excess of ±11,000 VPD
  • Nevada is an income tax free state
  • Six, five-year options, all of which include the CPI increases
  • Strong corporately guaranteed lease
  • Investment Grade Credit Tenant – S&P Rated BBB
  • Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profit ability
  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead

Photos

Location

Agents

Broker of Record

David Harrington

License # B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203