AQRE Advisors is pleased to present for sale the subject property located at 1139 W Market St. Warren, Ohio 44485 (“Property”). The 8,320 SF single-tenant building is situated on 0.69 acres of land and is 100% occupied by Family Dollar (“Tenant”). The Tenant has long term operating history of 10+ years at this location and recently extended their first option period for an additional 5 years further showcasing long-term commitment to the site.
- Corporate Guarantee from Family Dollar, Inc., a subsidiary of Dollar Tree, Inc. (NASDAQ: “DLTR”)
- Number 281 in the Fortune 500 (2022) – Family Dollar is one of the fastest-growing retailers in the United States with 8,000+ locations.
- The Tenant has approximately 4 years remaining with 4 (5) year options to extend and 10% bumps at the start of each option period.
- Ideal demographics for Family Dollar: Population of 74,000+ within five miles of the site with an average household income of approximately $49,000.