Family Dollar – Great Bend, Kansas
$100,000 Minimum Investment
$100,000 Minimum Investment
NN Lease – 5.5 years
This Kansas TIC property was a new construction, and is halfway through it’s initial lease term. There are (6) additional 5-year renewal options. Tenant-in-common properties like this are ideal for those in a 1031 exchange looking for replacement property without management headaches. Family Dollar is a strong tenant with more than 14,000 locations nationwide. Family Dollar properties use a friendly, net-lease structure and in this case the tenant is responsible for everything outside of the roof, structure and parking lot. Built in 2013, there is peace of mind of a newer building and associated warranties. Family Dollar retail stores provide 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 an impressive 16.3% to $2.10 billion compared to $1.81 billion in Q4 the previous year.
Area Information: Great Bend is the county seat of Barton County, Kansas and acts as a commercial center for central Kansas. Located at the intersection of US Route 281 and US Route 56, Great Bend lies 95 miles northwest of Wichita. As of the 2010 census, there were roughly 6500 households of which 32.2% had children under the age of 18 living with them, and 47.4% were married couples living together. The median age was 36.7 years old. Agriculture is the primary industry, but there’s a good mix of jobs in education, healthcare, social assistance, retail, manufacturing, and other service businesses. The cost of living is relatively low and the median home value is around $78,000. Browse TIC Properties >>>