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Views: 91 DOM: 101 Updated: 11.08.24 Posted: 09.11.24 Status: Active

Summary

Price $2,517,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 10-01-2024
#Units 16,700
Price/SF $251.70
Expiration 10-01-2034
Tenant Type Dollar/Discount
NOI $180,000
R. Term 9.9
Ownership Fee Simple
Rent/SF $18.00
Increases 0.0%/0/yrs
Pop 5Mi 92,164
Lot/AC 1.14
Options 4/5yrs
AHHI 5Mi $53,506

Lease Highlights

  • Brand new high quality 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • Rental increases occur in each of the option periods 
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located at the signalized, hard corner intersection of Cielito Lindo Blvd and Ejido Avenue, with access to a combined daily traffic count of 11,524 vehicles. The property is adjacent to Lyndon B Johnson High School and across from future development. It is situated 8 miles from downtown Laredo, 9 miles from Laredo International Airport, 10 miles from Laredo...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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