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Views: 99 DOM: 72 Updated: 10.18.24 Posted: 09.21.24 Status: Active

Summary

Price $1,406,197
Built/Renov 2011
Tenant Dollar Tree
Cap Rate 7.10%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 02-01-2011
#Units 16,700
Price/SF $169.01
Expiration 01-31-2029
Tenant Type Dollar/Discount
NOI $99,840
R. Term 4.2
Ownership Fee Simple
Rent/SF $12.00
Increases 0.0%/0/yrs
Pop 5Mi 187,755
Lot/AC 0.86
Options 3/5yrs/4.2%
AHHI 5Mi $76,646

Lease Highlights

  • Dollar Tree has been operating in this location since 2011
  • The tenant has 4+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features fluctuating rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on Lamar Avenue, with access to 36,500 vehicles passing by daily. The property is adjacent to the intersection of US Highway 51 and Lamar Avenue (US Route 78), two of the area's primary commercial and commuter corridors. It also benefits from excellent visibility and frontage, with Interstate 69 just seconds away. The site is surrounded by densely populated...

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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...


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Listing Broker

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