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


Price $1,690,069
Built/Renov 2015
Tenant Dollar Tree
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,253
Lease Start 05-30-2015
#Units 8,134
Price/SF $137.93
Expiration 07-31-2028
Tenant Type Dollar/Discount
NOI $122,530
R. Term 4.7
Ownership Fee Simple
Rent/SF $10.00
Increases 35.0%/5/yrs
Pop 5Mi 601,632
Lot/AC 0.54
Options 3/5yrs/35%
AHHI 5Mi $74,044

Lease Highlights

  • Dollar Tree has over 4 years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features a 35% rental increase at the start of the first option and 3% increase at the start of each remaining option
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Dollar Tree is an investment grade tenant (S&P: BBB)

Location Description

This 12,253 square foot Dollar Tree is situated on a .54 acre parcel along 9341 South Ashland Avenue seeing 22,100 vehicles per day. The site is situated along a dense retail corridor with neighboring tenants including Jewel-Osco, Walgreens, Starbucks and BMO Harris. Additional national/credit tenants include Walmart Supercenter, Taco Bell, Chipotle, Chase Bank, Dunkin Donuts and many others....



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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 : 25,042 213,550 589,202
2023 Total Population : 25,534 218,730 601,632
2023 Employed Civilian Pop : 10,771 91,179 246,980
2023 Total Businesses : 503 4,160 11,108
2023 Average Household Income : $ 98,167 $ 83,483 $ 74,044
2023 Total Consumer Spending : $ 836 M $ 6121 M $ 14746 M
2023 Median Age : 44 41 38
2023 Total Households : 9,912 84,714 229,402
2023 Pop Age 25+: Bachelor's Degree : 3,409 26,905 61,106
2023 Average Home Value : $ 296,573 $ 256,693 $ 240,116
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
South Ashland Avenue W 94th St 2022 13,800 0.05 mi
2022 13,800 0.11 mi
W 95th St S Charles St 2013 29,800 0.21 mi
West 94th Street S Longwood Dr 2022 1,650 0.22 mi
US 12;US 20 2021 21,200 0.28 mi
West 93rd Street S Longwood Dr 2022 200 0.30 mi
West 93rd Street S Vanderpoel Ave 2018 400 0.30 mi
W 95th St S Throop St 2014 18,200 0.36 mi
S Laflin St W 91st St 2014 450 0.39 mi
West 96th Street Wood St 2022 1,450 0.39 mi

Listing Broker

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