Family Dollar | Dollar Tree

1099 Cole Street, Bushnell, IL 61422

$1,571,656

Cap Rate 7.85%

Views: 121 DOM: 345 Updated: 10.30.24 Posted: 12.12.23 Status: Active

Summary

Price $1,571,656	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.85%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 06-29-2023	#Units 1,200
Price/SF $149.68	Expiration 06-30-2033	Tenant Type Dollar/Discount
NOI $123,375	R. Term 8.7	Ownership Fee Simple
Rent/SF $11.75	Increases 0.0%/10/yrs	Pop 5Mi 3,517
Lot/AC 1.00	Options 4/5yrs	AHHI 5Mi $58,333

Bryan Bender

Fortis Net Lease

Contact

Lease Highlights

2023 BTS construction | Opened in June
Family Dollar | Dollar Tree has 8+ years remaining on the current lease term with 4 (5-year) options
Lease features $0.50/PSF increase at the start of each option
Corporate guaranteed lease (NASDAQ: DLTR)
Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located at the hard corner intersection of Cole Street and Smith Street, with a combined daily traffic count of 2,686 vehicles. Conveniently situated adjacent to Dollar General Market and in close proximity to Bushnell-Prairie City Elementary School, the location is both accessible and visible. The 5-mile trade area is supported by a population of...

...

Key Features

New construction
Major thoroughfare
Near major nationals
Strategically located
Highway location
Brand new lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Bushnell, Illinois Zip Code 61422 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,288	2,690	3,182
2023 Total Population :	2,401	2,821	3,330
2023 Employed Civilian Pop :	1,084	1,277	1,486
2023 Total Businesses :	105	123	138
2023 Average Household Income :	$ 62,204	$ 63,135	$ 65,632
2023 Total Consumer Spending :	$ 57 M	$ 69 M	$ 85 M
2023 Median Age :	44	43	44
2023 Total Households :	1,043	1,240	1,456
2023 Pop Age 25+: Bachelor's Degree :	90	110	158
2023 Average Home Value :	$ 90,542	$ 96,374	$ 104,571

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cole St	E Hess St	2005	2,800	0.04 mi
IL 9;IL 41	E Wells St	2021	5,250	0.31 mi
State Route 41	Cole St	2005	2,800	0.43 mi
Cole St	State Rte9	2005	6,700	0.59 mi
IL 9;IL 41	E Barnes St	2021	4,600	0.64 mi
N 1900th Rd	Smith St	2001	125	0.66 mi
E 2100th St	Prairie St	2001	400	0.76 mi
N Green St	E Davis St	2005	6,700	0.78 mi
IL 9	S Sperry St	2021	2,200	0.87 mi
IL 41	Ludwig St	2021	3,800	0.94 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT