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Views: 50 DOM: 79 Updated: 08.23.24 Posted: 06.21.24 Status: Active

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 10.2
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 escalations 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

  • Tenant: Dollar Tree
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:16,700
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

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 Dollar Tree, Family Dollar, and Dollar Tree Canada....


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Listing Broker

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