Your portfolio will be comprised of numerous properties across the U.S. and will be growing over time as more REIT shares are sold and more properties are acquired. Our REIT's properties are highlighted below.
This property is occupied by a Family Dollar and is located in Fort Worth, Texas. The building was newly constructed for Family Dollar in 2011, and Family Dollar has operated continuously at this location since then.
Fort Worth, Texas
8,320 ft2 / Lot 74,000 ft2
$11,670 / mo
Family Dollar recently renewed its lease for 5 more years, indicating that it is satisfied with this location. Family Dollar has several more 5-year renewal options.
Family Dollar is a subsidiary of Dollar Tree. Dollar Tree has Investment Grade-rated financial credit and trades publicly under the ticker DLTR.
Fort Worth's population has increased 70% over the last 20 years. Also, Fort Worth has placed limits on the development of new dollar stores, making existing dollar store locations more valuable to dollar store operators such as Family Dollar.
New local law limiting new dollar stores may increase the likelihood that this Family Dollar will further extend its lease beyond 2026.
St Andrews Rd
Elevate.Money REIT I
Acquired July 28, 2022
About 538 St Andrews Rd
This investment property is a Shell branded gas station and Pops Mart branded convenience store located in the state capital city of Columbia, South Carolina. The site has been an operating Fuel Station and C-Store for 45+ years (since 1977), and was completely reconstructed in 1997, with additional renovations in 2021-2022.
The “Shell” branded Fuel Station & “Pops Mart” branded C-Store operator entered into a new 20-year absolute triple net (NNN) lease at the close of escrow, including (4) 5-year options to extend the lease. The long-term lease indicates the tenant’s commitment to this property
The tenant is a seasoned operator with 24 locations operating in the metro Columbia, South Carolina Market with plans to expand. The operators have over 60 years of combined experience in the Fuel & C-Store industry acquiring, owning, and selling over 500 Fuel Station & C-Stores.
Columbia is the second largest city and serves as the capital of South Carolina. The retail property’s proximity to a major interstate highway and a location on a signalized corner provide an excellent site for a Fuel Station and C-Store, further evidenced by the 45 + year operating history.
Operating as a Fuel Facility at this site for 45 + years and branded as a “Shell Fuel Station” - the number one operator of Fuel Stations in the United States (by number of locations) fortifies our belief that this investment property will be an excellent long-term investment for our shareholders.
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