Dollar Tree

15 Colbert Business Parkway West, Colbert, GA 30628

$1,810,000

Cap Rate 7.00%

Views: 36 DOM: 108 Updated: 04.13.24 Posted: 01.30.24 Status: Active

Summary

Price $1,810,000	Built/Renov 2006/2023	Tenant Dollar Tree
Cap Rate 7.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 16,875	Lease Start 07-27-2023	#Units 8,134
Price/SF $107.26	Expiration 07-31-2033	Tenant Type Dollar/Discount
NOI $126,731	R. Term 9.2	Ownership Fee Simple
Rent/SF $7.51	Increases 0.0%/9/yrs	Pop 5Mi 14,337
Lot/AC 1.71	Options 4/5yrs	AHHI 5Mi $65,089

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Dollar General has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features $0.50/SF rental increases 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 Colbert Business Pkwy W, with access to 15,700 vehicles passing by daily. The surrounding area is home to several national tenants, including Zaxby's, Mavis Tires & Brakes, Dunkin', Popeyes, Wendy's, and more. The 5-mile trade area is supported by a population of 14,337 with an average household income of $65,089. Colbert is a city in Madison County,...

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Key Features

Recent renovation
New roof
Roof guarantee
Strategically located
Top 100 MSA
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Colbert, Georgia Zip Code 30628 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,134
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores. The company is the leading operator of discount variety stores offering merchandise...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,282	6,147	15,853
2023 Total Population :	1,257	6,016	15,382
2023 Employed Civilian Pop :	521	2,653	7,232
2023 Total Businesses :	22	75	211
2023 Average Household Income :	$ 95,804	$ 90,445	$ 82,324
2023 Total Consumer Spending :	$ 36 M	$ 172 M	$ 406 M
2023 Median Age :	41	41	40
2023 Total Households :	435	2,181	5,621
2023 Pop Age 25+: Bachelor's Degree :	94	545	1,614
2023 Average Home Value :	$ 216,076	$ 214,821	$ 219,551

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hwy 72 E	Hardman Morris Rd	2005	5,630	0.48 mi
3rd Avenue	3rd Ave	2021	15,100	0.71 mi
Leon Street	Peachtree St	2021	90	0.98 mi
3rd Ave	N 2nd St	2005	11,880	1.08 mi
North 4th Street	Project St	2021	2,140	1.24 mi
Sorrow-Patterson Road	Diamond Hill Colbert Rd	2018	570	1.32 mi
Sorrow-Patterson Road	Diamond Hill Colbert Rd	2021	290	1.32 mi
South 5th Street	7th Ave	2021	140	1.38 mi
Diamond Hill Colbert Road	Sorrow-Patterson Rd	2021	1,090	1.66 mi
Foote McClellan Road	Rolling Oaks Ln	2021	630	1.69 mi

Listing Broker

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