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Views: 1673 DOM: 68 Updated: 10.11.24 Posted: 09.03.24 Status: Active

Summary

Price $1,533,000
Built/Renov 2015
Tenant Dollar Tree
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 02-03-2015
#Units 16,700
Price/SF $153.30
Expiration 02-28-2035
Tenant Type Dollar/Discount
NOI $115,000
R. Term 10.3
Ownership Fee Simple
Rent/SF $11.50
Increases 4.6%/5/yrs
Pop 5Mi 193,716
Lot/AC 1.00
Options 1/5yrs/6.25%
AHHI 5Mi $96,342

Lease Highlights

  • Dollar Tree has 10+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features fluctuating rental increases throughout the initial term, 6.25% at the start of the remaining 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 Coursey Boulevard, with access to 27,078 vehicles passing by daily. The property is surrounded by well-known national tenants including Walgreens, Costco, Circle K, Floor & Decor, and more. Nearby are facilities such as Our Lady of the Lake Regional Medical Center and Baton Rouge General Medical Center. The 5-mile trade area supports a population of...

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


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Listing Broker

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