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Views: 44 DOM: 161 Updated: 03.28.24 Posted: 12.12.23 Status: Active

Summary

Price $1,667,230
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.40%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 06-29-2023
#Units 1,200
Price/SF $158.78
Expiration 06-30-2033
Tenant Type Dollar/Discount
NOI $123,375
R. Term 9.1
Ownership Fee Simple
Rent/SF $11.75
Increases 0.0%/10/yrs
Pop 5Mi 3,517
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $58,333

Lease Highlights

  • Brand-new 2023 construction
  • Family Dollar | Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options
  • Lease features $0.50/PSF increase at the start of each option
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located at the hard corner intersection of Cole Street and Smith Street, with a combined daily traffic count of 2,686 vehicles. Conveniently situated adjacent to Dollar General Market and in close proximity to Bushnell-Prairie City Elementary School, the location is both accessible and visible. The 5-mile trade area is supported by a population of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,288 2,690 3,182
2023 Total Population : 2,401 2,821 3,330
2023 Employed Civilian Pop : 1,084 1,277 1,486
2023 Total Businesses : 105 123 138
2023 Average Household Income : $ 62,204 $ 63,135 $ 65,632
2023 Total Consumer Spending : $ 57 M $ 69 M $ 85 M
2023 Median Age : 44 43 44
2023 Total Households : 1,043 1,240 1,456
2023 Pop Age 25+: Bachelor's Degree : 90 110 158
2023 Average Home Value : $ 90,542 $ 96,374 $ 104,571
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cole St E Hess St 2005 2,800 0.04 mi
IL 9;IL 41 E Wells St 2021 5,250 0.31 mi
State Route 41 Cole St 2005 2,800 0.43 mi
Cole St State Rte9 2005 6,700 0.59 mi
IL 9;IL 41 E Barnes St 2021 4,600 0.64 mi
N 1900th Rd Smith St 2001 125 0.66 mi
E 2100th St Prairie St 2001 400 0.76 mi
N Green St E Davis St 2005 6,700 0.78 mi
IL 9 S Sperry St 2021 2,200 0.87 mi
IL 41 Ludwig St 2021 3,800 0.94 mi

Listing Broker

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