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Views: 40 DOM: 49 Updated: 04.24.24 Posted: 03.29.24 Status: Active

Summary

Price $1,725,524
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.15%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 05-23-2024
#Units 1,200
Price/SF $164.34
Expiration 05-31-2034
Tenant Type Dollar/Discount
NOI $123,375
R. Term 10.0
Ownership Fee Simple
Rent/SF $11.75
Increases 0.0%/0/yrs
Pop 5Mi 14,094
Lot/AC 1.21
Options 5/5yrs
AHHI 5Mi $98,834

Lease Highlights

  • Brand-new 2024 construction
  • Family Dollar | Dollar Tree will be executing a brand-new 10-year lease with 5 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on W. Veterans Blvd., surrounded by well-known national tenants, including U-Haul, O’Reilly Auto Parts, Subway, Phillips 66, and more. Additionally, it enjoys proximity to community educational institutions such as Clever Elementary Middle School and Clever High School. The 5-mile trade area is supported by a population of 14,094 residents...

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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 : 3,769 6,484 10,930
2023 Total Population : 3,446 5,937 10,163
2023 Employed Civilian Pop : 1,622 2,899 5,063
2023 Total Businesses : 54 65 120
2023 Average Household Income : $ 74,279 $ 91,732 $ 97,538
2023 Total Consumer Spending : $ 79 M $ 168 M $ 317 M
2023 Median Age : 35 37 39
2023 Total Households : 1,245 2,142 3,763
2023 Pop Age 25+: Bachelor's Degree : 259 567 1,084
2023 Average Home Value : $ 271,947 $ 286,701 $ 285,378
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Public Avenue K Hill Rd 2018 3,047 0.00 mi
West Brown Street S Clark Ave 2018 3,019 0.13 mi
W Meadowbrook Ave N Hwy K 2014 5,682 0.29 mi
State Highway 14 State Hwy 14 W 2022 1,412 0.91 mi
MO K Willard Rd 2022 3,406 0.93 mi
State Hwy 14 W Mop Rd 2014 2,696 1.00 mi
State Hwy P Wise Hill Rd 2014 3,764 1.45 mi
State Highway 14 Hwy N 2022 1,651 2.87 mi

Listing Broker

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