Matthews Logo

Navigation Menu

247 Hancock St, Springfield, MA, 1109

FAMILY DOLLAR
$1,930,796

Key Information

Cap Rate
8.65%
Tot. SF
8,320
Year Built
2018
Term Remaining
±7.5 YRS
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

LEASE & LOCATION:

  • 2018 build-to-suit construction for Family Dollar
  • Absolute NNN lease with zero landlord responsibilities
  • RARE 10% rental increase in 2028, and in all six option periods
  • Corporately guaranteed lease from Family Dollar Corporation
  • Nearby national tenants AutoZone, CVS, McDonalds, Chipotle, USPS and many more
  • ±5 mile population in excess of 240,475 residents
  • Subject property is located adjacent to Springfield College (± 1924 students)

 

TENANT:

  • 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

Kyle Matthews

License # 1000083-RE-RB (MA)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203