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Views: 125 Updated: 12.16.24 Posted: 06.27.24 Status: Inactive 12.16.24

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 9.2
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...

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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...


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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

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