Family Dollar

314 Illinois Avenue - Belleville IL (St. Louis MSA) 62220

LTV (Loan to Value)	65.00%	Current NOI	$85,250.00
Interest Rate	4.250%	Capital Rate	8.000%
Fixed Term	10 Years	Land Area	0.54 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$692,656.25	Property Type	Retail
Payment	$3,752.38	Property Lease	Discount Store
Bulding Size	8,777 SF	Remaining Terms	2 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 8,777 square-foot freestanding Family Dollar property situated on 0.54 acres and located in Belleville, Illinois.Family Dollar has two (2) years five (5) months left on a double net (NN) lease with 10% bumps in its option periods. The property is strategically located in the market of St. Louis, Missouri, situated to serve the tenant’s targeted demographic, with a population of 55,402 and a median household income of $44,901 within a three (3) mile radius.

Highlights

Corporate Guarantee - Family Dollar Stores, Inc. (NYSE: FDO, S&P: BBB-), a member of the Fortune 500, is one of…

Property Description

Belleville, Illinois is located approximately 15 miles southeast of St. Louis. As estimated by the US Census Bureau in 2014, the city has a population of 43,765. Due to its proximity to Scott Air Force Base, the population receives a boost from military and federal civilian personnel, defense contractors, and military retirees.St. Louis is a city and port in Missouri. The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is home to several major corporations including Express Scripts, Peabody Energy, Ameren, Monsanto, Ralcorp, and Sigma-Aldrich, as well as a large medical and research community.