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Dollar Tree

130 East Duarte Road, Arcadia, CA 91006

$6,365,000

Cap Rate 4.50%

Views: 135 DOM: 69 Updated: 10.28.24 Posted: 09.13.24 Status: Active

Summary

Price $6,365,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 21,000
Lease Start 01-05-2020
#Units 16,700
Price/SF $303.10
Expiration 01-31-2032
Tenant Type Dollar/Discount
NOI $286,444
R. Term 7.2
Ownership Fee Simple
Rent/SF $13.64
Increases 8.0%/3/yrs
Pop 5Mi 409,378
Lot/AC 1.31
Options 3/5yrs/8%
AHHI 5Mi $131,457

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Dollar Tree has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located at the signalized, hard corner intersection of E Duarte Road and S 2nd Avenue, with access to a combined daily traffic count of 32,900 vehicles. The property is just one mile from Santa Anita Park, Los Angeles' premier horse racing venue, and 1.5 miles from The Shops at Santa Anita, a 1.5 million square-foot super regional mall. The immediate area features...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Arcadia, California Zip Code 91006 Broker Site Page

Documents

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Maps

  • 1 Mile
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  • 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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