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Views: 67 DOM: 166 Updated: 04.22.24 Posted: 12.02.23 Status: Active

Summary

Price $2,122,100
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 6.55%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 05-01-2024
#Units 8,134
Price/SF $212.21
Expiration 04-30-2034
Tenant Type Dollar/Discount
NOI $139,000
R. Term 9.11
Ownership Fee Simple
Rent/SF $13.90
Increases 0.0%/10/yrs
Pop 5Mi 14,515
Lot/AC 1.26
Options 4/5yrs
AHHI 5Mi $88,409

Lease Highlights

  • Brand-new 2024 construction
  • Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options to extend
  • Lease features $0.50/SF rental increase at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Dollar Tree is strategically located along West Highway 199 with a combined daily traffic count of 16,332 vehicles passing by. This prime location is further enhanced by the limited competition in the vicinity. Adjacent to the property, is the Springtown RV Park and the Outwest Campground & RV Park. The 5-mile trade radius is supported by a population of 14,515 residents, with an average...

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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: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...


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Listing Broker

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