The Family Dollar of Hampton, Georgia offers an investor a credit tenant leased property with little management responsibility. The 0.77 acre parcel is improved with an 8,000 square foot retail store of steel and brick construction completed in 2004. The initial ten year NN lease has a current term through June 30, 2029 and two remaining 5-year options periods with 10% rent increases per renewal period. In 2023, the tenant extended the term early and invested approximately $150,000 in improvements including replacement freezers-coolers new check- out lanes, new lighting, ceiling and paint.
In addition to rent, the tenant pays a monthly estimate for taxes and insurance with a once per year settle up. The tenant maintains the grounds and parking lot in lieu of paying a CAM charge. The landlord is responsible for repairs to the roof, structure, parking lot and HVAC repairs in excess of $1,000 per lease year.
Hampton is located 25 miles south of Atlanta in Henry County and is best known for the Atlanta Motor Speedway (AMS), located 3 minutes from the property. AMS is a world class NASCAR race track and year-round multipurpose event facility on more than 840 acres. The 3 mile population is 18,000+ with an average household income of $81,000+.
Family Dollar Stores, Inc. with over 8,000 stores in 44 states is a leading discount retail chain in the United States. In 2015, Dollar Tree bought Family Dollar and the combined company has over 15,000 stores in 48 states. Dollar Tree gross sales in 2024 were $30.6 billion an 8.02% increase from the prior year. Family Dollar sells merchandise in core categories: health and beauty aids, packaged food and refrigerated products, home cleaning supplies and seasonal goods.