Kansas 1031 TIC Properties

Family Dollar – Great Bend

$50,000 Minimum Investment

Current Yield: 7.50%

NN Lease – 10 years

This deal is COMPLETED. For current 1031 offerings or help with your 1031 exchange, please contact us.

Property Info

Tenant:
Family Dollar
Address:
1015 S 10th St, Great Bend, KS
Year Build:
2013
Total Sq Ft.:
8,320
Property Type:
Single Tenant, Freestanding
Ownership Type:
TIC
Non-Accredited Investors:
Yes
Minimum Investment:
$50,000
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Talk to an Advisor: 1-800-872-1031

Property Overview

This Kansas TIC property is perfect for those in a 1031 exchange looking for replacement property without management headaches. The tenant-in-common structure allows this property to be available to exchangors with as little as $50,000 in their exchange. Family Dollar is a strong tenant with more than 14,000 locations throughout the nation. Family Dollar properties use a landlord-friendly net-lease structure and in this case the tenant is responsible for everything outside of the roof, structure and parking lot. Family Dollar retail stores are an attractive combination of a long-term lease and a growing market concept that continues to capture value-conscious shoppers, which increases store productivity. In Q4 of 2017, Family Dollar’s gross profit increased 16.3% to $2.10 billion compared to $1.81 billion in Q4 the previous year. Contact us for info on current TIC Properties >>>

Tenant Info

Tenant:
Family Dollar
Revenues / Credit Rating:
$10.55 billion / BBB-
Ticker Symbol:
FDO
Website:
familydollar.com

Lease Info

Type:
NN
Term:
10 years
Corp. Guaranteed Lease:
Yes
Rent Commencement:
June 2013
Lease Expiration:
October 2023
Owner Responsibility:
Roof, Structure, Parking Lot
Tenant Responsibility:
Taxes, Insurance, Utilities, Maintenance
Renewal Options:
(6) 5-year renewal options
Rent Escalations:
10% w/ each option period

Demographics

Location:
Great Bend, Kansas
Population:
15,840
Median Household Income:
$42,222
Median Home Value
$88,889

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