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Views: 34 DOM: 39 Updated: 04.09.24 Posted: 04.09.24 Status: Active

Summary

Price $1,950,000
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 05-01-2024
#Units 1,200
Price/SF $185.71
Expiration 05-31-2034
Tenant Type Dollar/Discount
NOI $136,500
R. Term 10.0
Ownership Fee Simple
Rent/SF $13.00
Increases 0.0%/0/yrs
Pop 5Mi 2,138
Lot/AC 0.96
Options 5/5yrs
AHHI 5Mi $48,815

Lease Highlights

  • Brand new 2024 construction
  • Family Dollar | Dollar Tree will be executing a brand new new 10-year lease with 5 (5-year) options to extend
  • The lease features $.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

The Family Dollar / Dollar Tree Combo Store is strategically located on South Main Street, with access to 1,586 vehicles passing by daily. This prime location is further enhanced by limited competition, with only two discount/dollar stores within a 20-mile radius. Additionally, well-known national tenants in the vicinity include NAPA and Phillips 66. The 5-mile trade area is supported by a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,244 1,402 1,771
2023 Total Population : 1,249 1,409 1,791
2023 Employed Civilian Pop : 476 539 694
2023 Total Businesses : 70 70 87
2023 Average Household Income : $ 63,837 $ 65,931 $ 68,607
2023 Total Consumer Spending : $ 29 M $ 34 M $ 45 M
2023 Median Age : 45 45 46
2023 Total Households : 509 580 735
2023 Pop Age 25+: Bachelor's Degree : 99 116 170
2023 Average Home Value : $ 71,140 $ 82,051 $ 108,067
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Main Street Buxton Rd 2021 1,400 0.55 mi
CR 5451 E Taft Ave 2021 460 0.64 mi
CR 6300 Mason St 2021 250 0.72 mi
CR 6350 State Hwy 18 2021 210 1.46 mi
CR 5909 Co Rd 5909 2021 40 1.51 mi
Co Rd 5818 2021 1,400 1.80 mi
2019 1,400 1.80 mi
2019 1,700 2.37 mi
Hwy 20 2021 1,500 2.37 mi

Listing Broker

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