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Views: 38 DOM: 133 Updated: 05.03.24 Posted: 01.05.24 Status: Active

Summary

Price $1,208,955
Built/Renov 2021
Tenant Family Dollar | Dollar Tree
Cap Rate 6.70%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,000
Lease Start 01-15-2022
#Units 1,200
Price/SF $100.75
Expiration 01-15-2027
Tenant Type Dollar/Discount
NOI $81,000
R. Term 2.8
Ownership Fee Simple
Rent/SF $6.75
Increases 10.0%/3/yrs
Pop 5Mi 3,345
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $46,456

Lease Highlights

  • Family Dollar | Dollar Tree has 2+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features $0.50/SF rental escalations at the start of each option
  • Completely renovated in 2021 | New HVAC system, brand new roof
  • Corporate guaranteed lease | Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is highly visible as it is strategically located on North Main St, with access to 11,674 vehicles passing by daily. Positioned on a primary artery leading into downtown Burkesville and situated less than one mile from the heart of Downtown, the property benefits from its central and accessible placement. The immediate vicinity features prominent national tenants,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 1,392 2,162 2,799
2023 Total Population : 1,407 2,200 2,866
2023 Employed Civilian Pop : 580 920 1,224
2023 Total Businesses : 151 176 186
2023 Average Household Income : $ 57,937 $ 57,396 $ 56,266
2023 Total Consumer Spending : $ 33 M $ 49 M $ 63 M
2023 Median Age : 46 46 46
2023 Total Households : 645 953 1,261
2023 Pop Age 25+: Bachelor's Degree : 96 156 197
2023 Average Home Value : $ 142,903 $ 153,756 $ 157,025
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Main St Church St 2017 12,810 0.08 mi
N Main St Smith St 2001 15,513 0.10 mi
S Main St N Main St 2014 11,285 0.13 mi
North Main Street Hill St 2018 781 0.17 mi
N Main St Hill St 2014 11,285 0.17 mi
Hill St N Main St 2015 467 0.18 mi
Hill Street Herd St 2021 598 0.20 mi
KY 61 S King St 2022 6,973 0.23 mi
Lower River St Burkesville Manor 2002 11,713 0.27 mi
Baker St N Main St 2001 8,477 0.38 mi

Listing Broker

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