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Views: 94 Updated: 11.28.23 Posted: 10.28.22 Status: Inactive

Summary

Price $1,804,444
Built/Renov 2000/2022
Tenant Family Dollar | Dollar Tree
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 07-31-2022
#Units 8,206
Price/SF $171.85
Expiration 07-30-2032
Tenant Type Dollar/Discount
NOI $121,800
R. Term 7.7
Ownership Fee Simple
Rent/SF $11.60
Increases 4.3%/10/yrs
Pop 5Mi 12,415
Lot/AC 1.29
Options 4/5yrs
AHHI 5Mi $67,468

Lease Highlights

  • Tenant has 10 years remaining in their new initial lease term with 4 (5-year) options to extend
  • The lease features $0.50/SF rental increases every 5 years beginning in lease year 5 and throughout options to extend
  • Tenant is a wholly owned subsidiary of Dollar Tree, a publicly traded company (NASDAQ: DLTR) and the largest single-price-point retailer in North America

Location Description

Family Dollar | Dollar Tree is positioned just off Dunnings Highway, a primary thoroughfare for the area. The property has limited competition in the area. Surrounding businesses that drive traffic to the corridor include Chevrolet, First Commonwealth Bank, Shirley’s Cookie Co, National Imprint, NILCO, McCabe Warehouse, and several others. There are 20,356 people living within seven miles of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Family Dollar | Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:8,206
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 1,446 3,998 11,279
2022 Total Population : 1,484 4,078 11,455
2022 Employed Civilian Pop : 675 1,987 5,626
2022 Total Businesses : 62 119 363
2022 Average Household Income : $ 67,040 $ 75,283 $ 76,690
2022 Total Consumer Spending : $ 36 M $ 107 M $ 320 M
2022 Median Age : 39 43 44
2022 Total Households : 624 1,630 4,760
2022 Pop Age 25+: Bachelor's Degree : 89 287 1,002
2022 Average Home Value : $ 144,849 $ 199,378 $ 208,732
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dunnings Highway Dunnings Hwy 2019 5,805 0.30 mi
Ski Gap Road Dively Ln 2020 1,832 0.36 mi
Old US Hwy 220 Arden St 2017 6,667 0.44 mi
Bedford St T401 2019 6,129 0.47 mi
Dunnings Highway Community PkRd 2019 5,885 0.67 mi
Dunnings Highway Dunnings Hwy 2020 5,236 0.76 mi
Ski Gap Road Hillsboro Ln 2019 1,589 0.84 mi
Sproul Mountain Road Memory Ln 2019 2,102 1.33 mi
Ski Gap Rd San Bruno Dr 2017 1,602 1.38 mi
I- 99 Mountain Rd 2017 13,406 1.40 mi

Listing Broker

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