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Views: 26 DOM: 16 Updated: 05.16.24 Posted: 05.16.24 Status: Active

Summary

Price $2,271,430
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 07-01-2024
#Units 16,700
Price/SF $227.14
Expiration 07-01-2034
Tenant Type Dollar/Discount
NOI $159,000
R. Term 10.1
Ownership Fee Simple
Rent/SF $15.90
Increases 0.0%/0/yrs
Pop 5Mi 69,950
Lot/AC 1.24
Options 4/5yrs
AHHI 5Mi $104,513

Lease Highlights

  • Brand new 2024 construction 
  • Dollar Tree will be executing a brand new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on High Pointe Drive, with access to 37,626 vehicles passing by daily. The property is conveniently situated near a Walmart Supercenter and adjacent to the Bell Pointe Apartments, a 288-unit luxury multifamily complex. Additionally, it is positioned just off Indiana State Road 66, which boasts daily traffic counts of 37,626 VPD. Nearby retail developments...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:16,700
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar, and Dollar Tree...


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Listing Broker

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