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Views: 36 DOM: 42 Updated: 04.13.24 Posted: 04.05.24 Status: Active

Summary

Price $1,990,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 07-01-2024
#Units 16,700
Price/SF $199.00
Expiration 07-31-2034
Tenant Type Dollar/Discount
NOI $144,300
R. Term 10.2
Ownership Fee Simple
Rent/SF $14.43
Increases 0.0%/0/yrs
Pop 5Mi 5,318
Lot/AC 1.15
Options 4/5yrs
AHHI 5Mi $62,882

Lease Highlights

  • Brand-new 2024 construction
  • Dollar Tree will be executing a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features $.50/PSF rental escalations at the start of each option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree strategically located on East Main Street (Highway 9), with access to 4,900 vehicles passing by daily. Positioned directly across from Walmart Supercenter and McDonald’s, and adjacent to Taco Bell and Ace Hardware, the property enjoys exceptional visibility and accessibility. Moreover, it is surrounded by key community establishments including Stigler Elementary School, Stigler...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:16,700
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,523 3,811 4,418
2023 Total Population : 1,571 3,872 4,501
2023 Employed Civilian Pop : 556 1,432 1,679
2023 Total Businesses : 182 256 265
2023 Average Household Income : $ 50,562 $ 55,111 $ 56,982
2023 Total Consumer Spending : $ 29 M $ 77 M $ 92 M
2023 Median Age : 38 40 41
2023 Total Households : 648 1,547 1,780
2023 Pop Age 25+: Bachelor's Degree : 94 274 337
2023 Average Home Value : $ 157,263 $ 190,036 $ 194,940
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Highway 9 Airport Rd 2003 4,900 0.85 mi
Liquire Highway Liquire Hwy 2018 1,400 0.93 mi
Liquire Highway E1220 Rd 2021 1,300 1.05 mi
N County Ridge Dr 2021 5,500 1.27 mi
Northwest 7th Street N W Mimosa Dr 2021 2,400 1.35 mi
Liquire Hwy Chowtaw Rd 2003 1,200 1.41 mi
State Highway 9 N4420 Rd 2003 5,900 1.65 mi
W Main St 2021 7,500 1.79 mi
N4420 Road State Hwy 9 2021 600 2.24 mi
N4420 Road W 1220 Rd 2018 460 2.29 mi

Listing Broker

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