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Views: 62 DOM: 81 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 9.5
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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Listing Broker

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