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Family Dollar | Dollar Tree

301 North G Street, Lakeview, OR 97630

$1,706,600

Cap Rate 7.50%

$1,855,000

Cap Rate 6.90%

Updated: 01.08.24 Posted: 03.16.23 Status: Sold

Summary

Price $1,706,600 $1,855,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50% 6.90%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 07-01-2023
#Units 8,206
Price/SF $162.53 $176.67
Expiration 06-30-2033
Tenant Type Dollar/Discount
NOI $127,995
R. Term 8.1
Ownership Fee Simple
Rent/SF $12.19
Increases 4.0%/5/yrs
Pop 5Mi 4,305
Lot/AC 0.94
Options 3/5yrs/4%
AHHI 5Mi $57,747

Randy Blankstein
The Boulder Group (HQ)
Contact

Jimmy Goodman
The Boulder Group (HQ)
Contact

Lease Highlights

  • New 2023 construction
  • Brand-new 10-year lease featuring 3 (5-year) options to extend
  • Lease features rental increases of $0.50/SF every five years throughout the initial term and at each option period
  • Family Dollar | Dollar Tree is guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Dollar Tree is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed 10,500 square foot Family Dollar | Dollar tree combination store is positioned just off of North F Street which experiences 4,200 vehicles per day and is a primary thoroughfare in Lakeview, Oregon. Nearby major national tenants in the area include Safeway, Ace Hardware, Subway, Chevron, Buick, Ford, Carquest and NAPA Auto Parts. Other traffic draws to the area include...

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Key Features

  • New construction

  • Major thoroughfare

  • Highway location

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Family Dollar | Dollar Tree Wikipedia Family Dollar | Dollar Tree Wikipedia Lakeview, Oregon Zip Code 97630 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Family Dollar | Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:8,206
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock:NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii . The chain operates general merchandise...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,830 3,526 4,410
2023 Total Population : 2,794 3,495 4,388
2023 Employed Civilian Pop : 1,266 1,527 1,803
2023 Total Businesses : 221 261 277
2023 Average Household Income : $ 69,279 $ 66,760 $ 68,640
2023 Total Consumer Spending : $ 76 M $ 91 M $ 104 M
2023 Median Age : 47 47 47
2023 Total Households : 1,256 1,542 1,712
2023 Pop Age 25+: Bachelor's Degree : 234 296 418
2023 Average Home Value : $ 179,601 $ 180,606 $ 199,073
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N F St 2021 4,717 0.06 mi
North 4th Street N G St 2021 4,062 0.09 mi
US Hwy 395 2021 2,251 0.10 mi
N G St N 4th St 2002 2,800 0.11 mi
North G Street N 4th St 2018 2,200 0.12 mi
North F Street 2018 4,000 0.13 mi
South F Street S 1st St 2020 3,974 0.20 mi
South F Street S 4th St 2021 4,443 0.20 mi
North G Street 10th St 2021 2,230 0.23 mi
North G Street N 6th St 2020 1,995 0.23 mi

Listing Broker

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