Family Dollar | Dollar Tree

735 East Main Street, Mondovi, WI 54755

$1,505,000

Cap Rate 7.50%

Views: 115 DOM: 314 Updated: 07.26.24 Posted: 11.07.23 Status: Active

Summary

Price $1,505,000	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.50%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 15,984	Lease Start 01-01-2024	#Units 1,200
Price/SF $94.16	Expiration 12-31-2033	Tenant Type Dollar/Discount
NOI $112,875	R. Term 9.3	Ownership Fee Simple
Rent/SF $7.06	Increases 4.6%/5/yrs	Pop 5Mi 4,228
Lot/AC 1.38	Options 5/5yrs	AHHI 5Mi $79,650

Isaiah Harf

Northmarq

Contact

Lease Highlights

2023 renovation
Family Dollar | Dollar Tree is operating under a brand new, 10-year lease with 5 (5-year) extension options
The lease features $0.33/SF rent escalations every 5 years
Corporate guaranteed lease
Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located on East Main Street/US 10, serving as a primary thoroughfare in Mondovi, with access to 7,304 vehicles. Furthermore, U.S. Route 10 plays a crucial role as a significant east-west highway, connecting the states of Wisconsin and Minnesota. The property’s excellent frontage also enhances consumer exposure to the site. The i5-mile trade area is...

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Key Features

New prototype
Recent renovation
Strategically located
Highway location
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Mondavi, Wisconsin Zip Code 54755 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,315	3,420	4,210
2023 Total Population :	2,296	3,406	4,210
2023 Employed Civilian Pop :	1,069	1,598	2,013
2023 Total Businesses :	138	180	201
2023 Average Household Income :	$ 64,514	$ 68,307	$ 74,565
2023 Total Consumer Spending :	$ 54 M	$ 86 M	$ 116 M
2023 Median Age :	42	42	43
2023 Total Households :	957	1,432	1,760
2023 Pop Age 25+: Bachelor's Degree :	209	314	405
2023 Average Home Value :	$ 162,351	$ 185,999	$ 221,844

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Main St	S Washington St	2018	7,500	0.27 mi
E Main St	Howard St	2018	8,000	0.44 mi
N Eau Claire St	W Main St	2009	2,100	0.55 mi
S Eau Claire St	E Hudson St	2006	5,100	0.55 mi
N Eau Claire St	Mill St	2004	2,000	0.56 mi
S Eau Claire St	W Water St	2018	3,800	0.59 mi
S Eau Claire St	W Riverside Ave	2009	2,400	0.63 mi
W Main St	N Jackson St	2018	4,500	0.73 mi
W Riverside Ave	Union St	2015	2,100	0.77 mi
S State St	W Hudson St	2009	1,100	0.80 mi

Listing Broker

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