loader
Join Free
Views: 110 DOM: 147 Updated: 07.26.24 Posted: 06.27.24 Status: Active

Summary

Price $1,918,965
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 02-01-2024
#Units 1,200
Price/SF $182.76
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $139,125
R. Term 9.3
Ownership Fee Simple
Rent/SF $13.25
Increases 0.0%/0/yrs
Pop 5Mi 14,623
Lot/AC 0.85
Options 5/5yrs
AHHI 5Mi $81,478

Lease Highlights

  • Brand-new 2024 construction
  • Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features fluctuating rental escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on E. College Drive/MN State Hwy 19, the primary east-west thoroughfare, with access to 9,700 vehicles passing by daily. The property is situated in a robust retail corridor surrounded by well-known national tenants such as McDonald’s, Casey’s, Kwik Trip, Taco Bell, Dairy Queen, Caribou Coffee, and more. Additionally, it is less than 0.50...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 stores...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,318 13,926 14,726
2024 Total Population : 6,262 13,871 14,685
2024 Employed Civilian Pop : 2,875 6,694 7,139
2024 Total Businesses : 482 863 892
2024 Average Household Income : $ 79,546 $ 88,148 $ 90,070
2024 Total Consumer Spending : $ 186 M $ 434 M $ 465 M
2024 Median Age : 35 34 34
2024 Total Households : 2,639 5,572 5,856
2024 Pop Age 25+: Bachelor's Degree : 881 1,861 1,998
2024 Average Home Value : $ 200,633 $ 228,002 $ 236,957
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E College Dr Carrow St 2006 11,100 0.02 mi
Birch St Willow Ln 2018 2,950 0.14 mi
East College Drive Sunrise Ln 2018 9,300 0.19 mi
Birch St Village Dr 2018 3,000 0.22 mi
N Bruce St Willow Ave 2018 4,700 0.24 mi
Charles Ave S Bruce St 2006 5,151 0.26 mi
Mustang Trail McLaughlin Dr 2018 2,300 0.26 mi
Service Rd McLaughlin Dr 2006 2,515 0.29 mi
Birch St Mustang Trl 2018 1,500 0.30 mi
South Bruce Street Horizon Dr 2018 4,450 0.30 mi

Listing Broker

Loading...
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

GET IN TOUCH

my activity