1714 Madison Avenue $700,000

This 9,000 SF Family Dollar Store was built in 2003. The lease was renewed beginning January 1, 2024, for 5 years, expiring December 31, 2028. There are 4 more option periods after that with a 10% rent increases each option period. The current income is $55,660 annual + a 3% override if sales are $2,716,333 or more. The Triple Net lease requires Family Dollar to pay property taxes, insurance and the first $1,200 of repairs in any year. The information for this listing is deemed reliable but not guaranteed.

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