✖
Dollar Tree
11055 South Western Avenue, Chicago, IL 60643
$2,696,687
Cap Rate 6.70%
Summary
| Price $2,696,687 | Built/Renov 2002 | Tenant Dollar Tree |
| Cap Rate 6.70% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
15,717
| Lease Start
10-19-2023
| #Units
8,134
|
| Price/SF $171.58 | Expiration
10-18-2033
| Tenant Type Dollar/Discount |
| NOI $180,745 | R. Term 9.10 | Ownership Fee Simple |
| Rent/SF
$11.50
| Increases 0.0%/10/yrs | Pop 5Mi 449,479 |
| Lot/AC 1.21 | Options 3/5yrs | AHHI 5Mi $82,719 |
| | |
Lease Highlights
- Dollar Tree recently signed a brand-new 10-year lease with 3 (5-year) options to extend
- Lease features rental escalations of $0.50 per SF 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 positioned at the signalized, hard corner intersection of Western Avenue and 111th Street with access to 27,900 vehicles per day. The site benefits from its proximity to Interstate 57, a north-south highway, with 145,000 VPD. Neighboring national/credit tenants include Fairplay Foods, NAPA Auto Parts, Meineke, PNC Bank, USPS, Buona Beef, UHaul, and several others. Over 449,470...
...Features
-
Signalized intersection
-
Hard corner intersection
-
Major thoroughfare
-
Highway close
-
Dense 200M+ pop 5 mi
-
Top 100 MSA
-
Brand new lease
-
Long 10+ yr lease
-
Traded and rated company
-
Investment grade tenant
...
Maps
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 19,401 | 174,196 | 438,677 |
| 2023 Total Population : | 19,861 | 178,519 | 449,479 |
| 2023 Employed Civilian Pop : | 10,206 | 81,914 | 195,748 |
| 2023 Total Businesses : | 518 | 4,073 | 9,890 |
| 2023 Average Household Income : | $ 122,642 | $ 95,324 | $ 82,719 |
| 2023 Total Consumer Spending : | $ 825 M | $ 5657 M | $ 12331 M |
| 2023 Median Age : | 43 | 40 | 39 |
| 2023 Total Households : | 7,914 | 69,126 | 172,506 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,747 | 24,247 | 51,364 |
| 2023 Average Home Value : | $ 354,050 | $ 263,860 | $ 240,390 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West 111th Street | S Artesian Ave | 2018 | 14,300 | 0.10 mi |
| W 109th St | S Oakley Ave | 2014 | 1,300 | 0.21 mi |
| W 109th St | S Maplewood Ave | 2018 | 725 | 0.26 mi |
| S Western Ave | W 112th St | 2014 | 7,450 | 0.26 mi |
| West 111th Street | S Rockwell St | 2018 | 14,300 | 0.27 mi |
| West 109th Street | S Hoyne Ave | 2022 | 1,250 | 0.29 mi |
| West 111th Street | S Hale Ave | 2022 | 19,800 | 0.40 mi |
| West 113th Street | S Maplewood Ave | 2022 | 725 | 0.41 mi |
| West 107th Street | W 107th St | 2018 | 7,100 | 0.42 mi |
| W 107th St | Alley | 2014 | 2,900 | 0.43 mi |
