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| Price $2,753,000 | Built/Renov 2004/2012 | Tenant Dollar Tree |
| Cap Rate 6.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
13,813
| Lease Start
02-01-2025
| #Units
16,700
|
| Price/SF $199.31 | Expiration
01-31-2035
| Tenant Type Dollar/Discount |
| NOI $172,092 | R. Term 10.4 | Ownership Fee Simple |
| Rent/SF
$12.46
| Increases 4.0%/10/yrs | Pop 5Mi 19,575 |
| Lot/AC 0.94 | Options 3/5yrs/4% | AHHI 5Mi $96,636 |
| | |
Dollar Tree is strategically located on Arendell Street/U.S. Highway 70, a major retail thoroughfare in Morehead City, with access to 30,000 vehicles passing daily. The property serves as an outparcel to Morehead Plaza, a shopping center featuring well-known national tenants such as Big Lots, Tractor Supply Co., Lowes Foods, and more. Additionally, it is situated less than a mile from Carteret...
...Signalized intersection
Build to suit
Shopping Ctr out-parcel
Highway location
Affluent suburb location
Brand new lease
Store sales reported
Long 10+ yr lease
Traded and rated company
Investment grade tenant
Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names Dollar Tree, Family Dollar, and Dollar Tree Canada....
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
