Views: 0 DOM: 58 Updated: 11.24.23 Posted: 10.13.23 Status: Active


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...



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  • 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...



  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
*ESRI data is presented for informational purposes only


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

Listing Broker

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