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Views: 150 DOM: 145 Updated: 11.25.24 Posted: 07.10.24 Status: Active

Summary

Price $3,000,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 10-17-2024
#Units 16,700
Price/SF $300.00
Expiration 10-16-2034
Tenant Type Dollar/Discount
NOI $210,000
R. Term 9.10
Ownership Fee Simple
Rent/SF $21.00
Increases 2.2%/5/yrs
Pop 5Mi 99,875
Lot/AC 1.52
Options 4/5yrs/2.22%
AHHI 5Mi $76,958

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • The lease features 2.22% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on College Station Road, with access to 21,000 vehicles passing by daily. The property boasts direct access to two major student housing communities such as Polo Club Athens Apartments, and Reserves at Athens. Additionally, it is conveniently situated across the street from the UGA Veterinary Teaching Hospital, and a 10-minute drive from the University of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:16,700
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

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 Dollar Tree, Family Dollar, and Dollar Tree Canada....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,068 56,047 100,966
2024 Total Population : 9,083 56,172 99,956
2024 Employed Civilian Pop : 4,615 25,788 47,982
2024 Total Businesses : 318 1,712 3,871
2024 Average Household Income : $ 68,209 $ 69,975 $ 81,497
2024 Total Consumer Spending : $ 275 M $ 1357 M $ 2915 M
2024 Median Age : 28 25 27
2024 Total Households : 4,530 21,686 40,230
2024 Pop Age 25+: Bachelor's Degree : 2,134 8,183 15,303
2024 Average Home Value : $ 240,316 $ 331,396 $ 398,880
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
College Station Rd International Dr 2005 4,050 0.10 mi
College Station Road College Cir 2019 21,000 0.20 mi
Barnett Shoals Road Greencrest Dr 2019 15,900 0.35 mi
College Station Rd University Cir 2005 20,760 0.47 mi
Brookwood Dr Greencrest Dr 2005 770 0.49 mi
Barnett Shoals Rd Georgetown Cir 2005 23,070 0.49 mi
Barnett Shoals Road Dennis Dr 2018 20,700 0.50 mi
Barnett Shoals Road 2019 21,100 0.50 mi
Barnett Shoals Rd Georgetown Dr 2009 18,580 0.50 mi
Gaines School Rd Georgetown Dr 2005 19,070 0.53 mi

Listing Broker

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