Family Dollar

Vicksburg is a historic city in Warren County, Mississippi. It is the county seat, and the population at the 2010 census was 23,856. Located on a high bluff on the east bank of the Mississippi River across from Louisiana, Vicksburg was built by French colonists in 1719, and the outpost withstood an attack from the native Natchez people. It was incorporated as Vicksburg in 1825 after Methodist missionary Newitt Vick. In the American Civil War, it was a key Confederate river-port, and its July 1863 surrender to Ulysses S. Grant, along with the concurrent Battle of Gettysburg, marked the turning-point of the war. The city is home to three large installations of the United States Army Corps of Engineers, which has often been involved in local flood control. Every summer, Vicksburg plays host to the Miss Mississippi Pageant and Parade. Also every summer, the Vicksburg Homecoming Benevolent Club hosts a homecoming weekend/reunion that provides scholarships to graduating high-school seniors. Former residents from across the country return for the event. Every spring and summer, Vicksburg Theatre Guild hosts Gold in the Hills, which holds the Guinness World Record for longest-running show.Fortis Net Lease is pleased to present this 2020 BTS, 9,180 SF. freestanding Family Dollar store located in Vicksburg, Mississippi. The property is secured with a 10-year Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease has 6 (5 year) options to renew, each with a 5% rental rate increase. The lease is corporately guaranteed by Dollar Tree Stores, Inc. which holds a credit rating of “BBB-” which is classified as Investment Grade. The store has been open and operating successfully with rent having commenced in March of 2020. This Family Dollar is highly visible as it is strategically positioned on the corner of Belva Drive and Highway 61 which sees 16,000 cars per day. The store is accessible from both streets. The ten mile population from the site is 31,835 while the three mile average household income is $71,691 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.00% cap rate based on NOI of $100,980.