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Views: 176 DOM: 183 Updated: 11.08.24 Posted: 06.21.24 Status: Contract 11.20.24

Summary

Price $2,754,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 6.90%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 11-07-2024
#Units 16,700
Price/SF $275.40
Expiration 11-06-2034
Tenant Type Dollar/Discount
NOI $190,000
R. Term 9.10
Ownership Fee Simple
Rent/SF $19.00
Increases 0.0%/0/yrs
Pop 5Mi 25,278
Lot/AC 1.20
Options 4/5yrs
AHHI 5Mi $134,617

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • The lease features $5,000 rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on FM 982, adjacent to the Bridgewater Master-Planned Community, which is slated to have 2,300 homes at build-out. Additionally, the property is conveniently situated 21 miles from The University of Texas at Dallas, 42 miles from Dallas/Fort Worth International Airport, and 57 miles from The University of Texas at Arlington. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 782 12,886 42,510
2024 Total Population : 605 10,376 36,824
2024 Employed Civilian Pop : 283 4,984 18,333
2024 Total Businesses : 4 83 359
2024 Average Household Income : $ 101,415 $ 114,104 $ 141,000
2024 Total Consumer Spending : $ 16 M $ 388 M $ 1518 M
2024 Median Age : 39 40 39
2024 Total Households : 182 3,812 12,295
2024 Pop Age 25+: Bachelor's Degree : 56 1,170 6,677
2024 Average Home Value : $ 409,434 $ 476,884 $ 564,182
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
FM 982 Co Rd 1099 2012 2,100 0.09 mi
Country Time Rd 2022 5,862 0.09 mi
FM 982 2022 7,984 0.20 mi
FM 982 Co Rd 1078 2009 3,670 0.39 mi
Co Rd 442 Hawthorne Dr 2009 130 0.59 mi
Pecan Dr Co Rd 867 2009 560 0.86 mi
Co Rd 444 FM 982 2009 110 0.88 mi
E Lucas Rd 2022 4,331 0.92 mi
East Lucas Road Pecan Dr 2022 11,701 1.06 mi
Lavon Shores Dr Co Rd 446 2009 50 1.30 mi

Listing Broker

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