Dollar Tree

120 Inkster Road, Inkster, MI 48141

$1,733,000

Cap Rate 6.50%

DOM: 49 Updated: 03.12.24 Posted: 10.17.23 Status: Sold 12.05.23

Summary

Price $1,733,000	Built/Renov 1998/2022	Tenant Dollar Tree
Cap Rate 6.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 13,885	Lease Start 10-31-2023	#Units 8,134
Price/SF $124.81	Expiration 10-30-2033	Tenant Type Dollar/Discount
NOI $112,630	R. Term 8.5	Ownership Fee Simple
Rent/SF $8.11	Increases 6.0%/10/yrs	Pop 5Mi 309,997
Lot/AC 1.72	Options 3/5yrs/6%	AHHI 5Mi $79,384

Lease Highlights

New 2022 renovations
Dollar Tree recently signed a brand-new 10-year lease with 3 (5-year) options to extend
Lease features 6% rental increase at the start of each option
Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
Dollar Tree is an investment grade tenant (S&P: BBB)

Location Description

Dollar Tree is located at the signalized, hard corner intersection of Inkster Rd. and Cherry Hill Rd with a combined high daily traffic count of 57,700 vehicles. The site benefits from excellent visibility via significant street frontage and a large pylon sign along Inkster Rd. The subject property is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Strong demographics
Brand new lease
Traded and rated company
Corporate Guarantee

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Inkster, Michigan Zip Code 48141 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,134
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores. The company is the leading operator of discount variety stores offering merchandise...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	18,519	129,579	304,720
2023 Total Population :	18,863	131,855	309,997
2023 Employed Civilian Pop :	8,735	61,381	144,757
2023 Total Businesses :	208	2,906	7,650
2023 Average Household Income :	$ 77,392	$ 82,300	$ 79,384
2023 Total Consumer Spending :	$ 461 M	$ 3673 M	$ 8650 M
2023 Median Age :	37	41	40
2023 Total Households :	6,824	50,978	124,411
2023 Pop Age 25+: Bachelor's Degree :	1,911	15,617	36,135
2023 Average Home Value :	$ 178,732	$ 199,319	$ 190,563

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Inkster Rd	Cherry Hill Rd	2002	32,092	0.05 mi
Cherry Hill Rd	Arcola St	2011	17,851	0.06 mi
Inkster Rd	Kathryn Ave	2004	30,650	0.13 mi
Inkster Rd	Freda St	2002	32,092	0.20 mi
Inkster Rd	Cranford Ln	2004	31,925	0.29 mi
Cherry Hill Road		2019	15,437	0.29 mi
0.25 MILE E OF INKSTER	Arlington St	2021	11,951	0.32 mi
Avondale Ave	Eastwood St	2010	2,585	0.44 mi
Cherry Hill Rd	Harrison Rd	2015	16,071	0.49 mi
Inkster Road	N Inkster Rd	2022	19,135	0.54 mi

Listing Broker

Dan Elliot

SRS National Net Lease Group

Contact

24 Listings
4957 Views
10 Sold

Sean Lutz

SRS National Net Lease Group

Contact

24 Listings
4957 Views
10 Sold

Dan Elliot

Dan joined SRS with nearly fifteen years of experience in real estate, both as an advisor and investor, and has worked exclusively with clients in the acquisition and disposition of leased investment properties nationwide. Dan, along with Sean Lutz, led the net lease group at SVN Commercial Real Estate Advisors, and has experience in single-tenant sales, anchored and unanchored shopping center sales, power center and portfolio dispositions and pre-development sales. He has a long list of repeat

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Sean Lutz

Sean joined SRS with more than fifteen years of experience in commercial real estate. Along with Dan Elliot, he was responsible for leading the net lease group at SVN Commercial Real Estate Advisors. He specializes in the disposition and sale of net leased investment properties across the country and has completed more than 500 transactions with a sales volume in excess of $1 billion. Sean has an extensive client list ranging from private investors to some of the largest U.S. investment funds a

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