Sperry Van Ness is pleased to present this NN leased Family Dollar built in 2011 with lease term through September 30, 2021. The 7.8% cap rate increases to 8.2% with a 5% rent increase on 10/1/2016.

Location Description:

Otway is a village located 80 miles east of Cincinnati in Scioto County. Strong store sales confirm the value driven business model by Family Dollar of locating in less populous areas. Family Dollar serves as the primary source of discount food and household items for the community resulting in strong store sales.

Highlights:

>> 2011 construction

>> NN lease through 9/30/2021

>> 7.8% cap rate

>> 8.2% cap with 5% rent incr. 10/1/2016

>> Available individually or as a 3 bldg portfolio

Sales Info:

>> Commision split: 4.0%