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

Summary

Price $1,750,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 6.60%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 04-01-2023
#Units 1,200
Price/SF $166.67
Expiration 04-01-2033
Tenant Type Dollar/Discount
NOI $115,500
R. Term 8.10
Ownership Fee Simple
Rent/SF $11.00
Increases 0.0%/10/yrs
Pop 5Mi 2,528
Lot/AC 1.50
Options 4/5yrs
AHHI 5Mi $68,106

Lease Highlights

  • Brand-new 2023 construction
  • Dollar Tree | Family Dollar has 8+ 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
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is highly visible as it is strategically located on Highway 81, with access to 6,027 vehicles passing by daily. The building is located on the main retail artery leading into Rush Springs. This prime location is further enhanced by the limited competition in the vicinity. The 5-mile trade area is supported by a population of 2,528 with an average household income of...

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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 : 423 1,618 2,230
2023 Total Population : 428 1,637 2,244
2023 Employed Civilian Pop : 194 622 871
2023 Total Businesses : 7 59 68
2023 Average Household Income : $ 64,122 $ 65,449 $ 72,151
2023 Total Consumer Spending : $ 11 M $ 41 M $ 61 M
2023 Median Age : 43 41 42
2023 Total Households : 202 685 935
2023 Pop Age 25+: Bachelor's Degree : 56 178 252
2023 Average Home Value : $ 199,497 $ 234,043 $ 229,459
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
United States Highway 81 (Bus) Hwy 81 Bus 2019 830 0.18 mi
US Hwy 81 Bus N Rush Ave 2017 890 0.21 mi
Hwy 81 2019 6,300 0.30 mi
US Hwy 81 E1530 Rd 2017 6,000 0.39 mi
Hwy 81 Bus 2019 7,100 0.79 mi
Blakeley Ave Holly A St 2016 1,400 1.23 mi
Cemetery Rd 2019 1,500 1.28 mi
N Rush Ave Chickasaw Ave 2017 2,100 1.38 mi
Blakeley Avenue 2019 1,200 1.40 mi
Hwy 17 2019 6,600 1.78 mi

Listing Broker

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