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Views: 20 DOM: 19 Updated: 04.30.24 Posted: 04.30.24 Status: Active

Summary

Price $1,962,962
Built/Renov 2023
Tenant Dollar Tree
Cap Rate 6.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 09-01-2023
#Units 16,700
Price/SF $196.30
Expiration 09-30-2033
Tenant Type Dollar/Discount
NOI $132,500
R. Term 9.4
Ownership Fee Simple
Rent/SF $13.25
Increases 0.0%/0/yrs
Pop 5Mi 99,510
Lot/AC 1.27
Options 6/5yrs
AHHI 5Mi $83,880

Lease Highlights

  • Brand-new 2023 construction
  • Dollar Tree has 9+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on Butterfield Coach Road, with access to 18,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Sonic, McDonald's, Popeyes, Aldi, and more. The 5-mile trade area is supported by a population of 99,510 residents with an average household income of $83,880. Springdale stands as the fourth-most populous city in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,372 44,146 105,823
2023 Total Population : 11,757 42,334 100,627
2023 Employed Civilian Pop : 5,567 20,501 48,074
2023 Total Businesses : 89 1,321 3,574
2023 Average Household Income : $ 86,436 $ 86,931 $ 91,991
2023 Total Consumer Spending : $ 242 M $ 1012 M $ 2752 M
2023 Median Age : 29 31 33
2023 Total Households : 3,184 13,237 34,220
2023 Pop Age 25+: Bachelor's Degree : 547 2,819 10,167
2023 Average Home Value : $ 259,559 $ 278,947 $ 304,373
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Robinson Avenue Butterfield Coach Rd 2021 18,000 0.15 mi
Butterfield Coach Road Green Acres Rd 2021 19,000 0.17 mi
East Robinson Avenue Butterfield Coach Rd 2021 21,000 0.25 mi
Butterfield Coach Road Electric Ave 2021 9,600 0.27 mi
E Robinson Ave Oak Moore St 2013 15,000 0.28 mi
Electric Avenue Woodford St 2021 2,500 0.65 mi
Zion Rd Blevins Ln 2011 9,000 0.72 mi
East Robinson Avenue Boulder Dr Wc 2052 2021 14,000 0.85 mi
East Robinson Avenue Worth Ln 2019 25,000 1.19 mi
East Robinson Avenue Worth Ln 2021 25,000 1.19 mi

Listing Broker

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