loader
Join Free
Views: 38 DOM: 115 Updated: 02.22.24 Posted: 01.25.24 Status: Active

Summary

Price $2,314,285
Built/Renov 2019/2019
Tenant Dollar Tree
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,125
Lease Start 01-01-2024
#Units 16,700
Price/SF $228.57
Expiration 01-31-2034
Tenant Type Dollar/Discount
NOI $162,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $16.00
Increases 0.0%/9/yrs
Pop 5Mi 128,269
Lot/AC 1.33
Options 4/5yrs
AHHI 5Mi $62,339

Lease Highlights

  • Dollar Tree recently executed a new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50 per square foot increases at each option period
  • NN lease structure | Minimal landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: DLTR)
  • Dollar Tree is an investment grade tenant (S&P: BBB)

Location Description

Dollar Tree is strategically located along Charleston Highway, the area's main thoroughfare, with access to 23,870 vehicles per day. The site benefits from its position within a dense retail corridor with national/credit tenants including McDonalds, Auto Zone, Walmart, Subway, Arby’s and many others, creating a strong consumer drive to the trade area. A robust population of over 128,260...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,877 53,086 132,748
2023 Total Population : 6,778 51,751 128,986
2023 Employed Civilian Pop : 3,036 23,073 60,866
2023 Total Businesses : 590 3,423 8,265
2023 Average Household Income : $ 64,345 $ 66,635 $ 68,704
2023 Total Consumer Spending : $ 182 M $ 1369 M $ 3474 M
2023 Median Age : 40 33 32
2023 Total Households : 3,211 23,351 57,693
2023 Pop Age 25+: Bachelor's Degree : 1,226 7,493 19,875
2023 Average Home Value : $ 190,822 $ 202,996 $ 236,142
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Charleston Highway Beckham St 2022 24,200 0.06 mi
Lafayette Avenue Lowe St 2021 2,300 0.21 mi
Lafayette Avenue State St 2022 2,300 0.21 mi
Platt Springs Road Crapps Ave 2021 9,300 0.24 mi
Charleston Highway F Ave 2022 6,600 0.25 mi
12th Street F Ave 2022 14,000 0.46 mi
12th Street M Ave 2021 13,000 0.48 mi
Middleton Street Grover St 2022 2,700 0.52 mi
Airport Boulevard Glenn St 2021 9,700 0.56 mi
Augusta Road 16th St 2022 15,000 0.67 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity