loader
Join Free
Views: 64 DOM: 172 Updated: 05.09.24 Posted: 12.01.23 Status: Active

Summary

Price $1,753,635
Built/Renov 2023
Tenant Dollar Tree
Cap Rate 7.70%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 12-31-2023
#Units 16,700
Price/SF $167.01
Expiration 12-31-2033
Tenant Type Dollar/Discount
NOI $135,030
R. Term 9.7
Ownership Fee Simple
Rent/SF $12.86
Increases 3.8%/10/yrs
Pop 5Mi 7,330
Lot/AC 1.00
Options 4/5yrs
AHHI 5Mi $97,385

Lease Highlights

  • Brand-new 2023 construction
  • Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options to extend
  • Lease features $0.50/SF rental increase at the start of each option
  • Corporate guaranteed lease

Location Description

Dollar Tree is strategically located at the hard corner intersection of NE Barnard Street and W US Highway 190, with access to 13,769 vehicles passing by daily. The property is surrounded by Several RV Resorts, lodging and well-known national tenants, including Burger King, Western Union, O’Reilly’s, Sonic, and more. The 5-mile trade area is supported by a population of 7,330 residents, with...

...

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 : 1,598 5,142 7,624
2023 Total Population : 1,524 4,929 7,330
2023 Employed Civilian Pop : 663 2,221 3,316
2023 Total Businesses : 188 300 368
2023 Average Household Income : $ 92,138 $ 97,347 $ 97,385
2023 Total Consumer Spending : $ 47 M $ 153 M $ 231 M
2023 Median Age : 39 41 42
2023 Total Households : 579 1,804 2,730
2023 Pop Age 25+: Bachelor's Degree : 177 694 1,132
2023 Average Home Value : $ 257,519 $ 292,749 $ 322,967
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NE Barnard St Van Zandt Rd 2002 3,200 0.09 mi
Northeast Big Bend Trail NE Barnard St 2020 13,769 0.09 mi
US Hwy 67 Glenwood St 2002 10,700 0.10 mi
Northeast Big Bend Trail Hwy 67 E 2020 12,609 0.42 mi
NE Barnard St Mustang St 2002 4,700 0.79 mi
Northeast Barnard Street Hwy 67 2021 5,027 0.88 mi
Northeast Barnard Street Barnard St 2020 4,267 0.88 mi
E Elm St Paluxy St 2002 7,600 0.90 mi
East Elm Street Elm St 2020 7,081 0.91 mi
US Hwy 67 Spanish Oaks Trl 2002 10,000 1.06 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