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225 Grandview Dr - Family Dollar - Lander, WY
9,775 SF Retail Building Offered at $985,000 at a 8.02% Cap Rate in Lander, WY
Family Dollar occupies this property on a NNN lease with minimal landlord responsibilities. The lease is corporately guaranteed by Family Dollar, who is owned by Dollar Tree, Inc. Dollar Tree is a publicly traded company (DLTR - NASDAQ) with over 22 Billion in annual revenue and a BBB credit rating from S&P.
STRONG HISTORICAL OCCUPANCY
Family Dollar has occupied this property since it was built in 2005. They recently exercised their 2nd 5-Year option to renew. There are two, 5-year options remaining with 10% rent increases every 5 years.
CLOSE TO NEARBY ATTRACTIONS
The city of Lander is home to the Fremont County Pioneer Museum, the Museum of the American West, and the Lander Children’s Museum. Lander is located only 10 minutes from Sinks Canyon State Park and Wind River Wild Horse Sanctuary.
AREA IS WELL KNOWN FOR ITS OUTDOOR RECREATION
Lander offers the peace and tranquility of a remote mountain town with enough excitement and adventure to keep you entertained for days. Epic rock climbing, hiking, backpacking, camping, fishing, and beautiful scenery are only minutes away from the city. Lander is home to the annual International Rock Climbers Festival, when thousands of accomplished rock climbers flock to this area.
FEW COMPETITORS IN THE AREA
The tranquility and charm that the small city provides also means that there are few big box competitors. Family Dollar offers a wide variety of food and home good items at affordable prices which make it a popular shopping location for families in the surrounding neighborhood.
|Price||$985,000||Lot Size||0.65 AC|
|Sale Type||Investment||Gross Leasable Area||9,775 SF|
|Cap Rate||8.02%||No. Stories||1|
|Sale Conditions||Investment Triple Net||Year Built||2005|
|Building Class||B||Parking Ratio||2.05/1,000 SF|
NNN Tenant Information
|Tenant||SF Occupied||Lease End Date|
|Family Dollar||9,775||December 2022|
|Collection Street||Cross Street||Traffic Vol||Year||Distance|
|Brodie St||Cascade, W||3,845||2018||0.83 mi|
|S 5th St||N 5 St, N||741||2018||0.99 mi|
|Fremont St||N 5 St, W||1,023||2018||1.12 mi|
|Sinks Canyon Rd||Squaw Creek Rd, NE||1,426||2018||1.55 mi|
|Hwy 789||Escarpment Rd, E||6,399||2018||3.26 mi|
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