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Views: 183 Updated: 12.16.24 Posted: 08.30.23 Status: Inactive 12.16.24

Summary

Price $1,399,655
Built/Renov 2001/2023
Tenant Dollar Tree
Cap Rate 7.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 12,300
Lease Start 02-23-2023
#Units 16,700
Price/SF $113.79
Expiration 02-22-2033
Tenant Type Dollar/Discount
NOI $101,475
R. Term 8.1
Ownership Fee Simple
Rent/SF $8.25
Increases 0.0%/5/yrs
Pop 5Mi 39,161
Lot/AC 2.90
Options 4/5yrs
AHHI 5Mi $114,973

Lease Highlights

  • Recent renovations 2023
  • Dollar Tree recently executed a brand-new 10-year lease with 4 (5-year) options to extend
  • Lease features $0.50 PSF rent escalations every 5 years starting in 2028
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Dollar Tree is an investment grade tenant (S&P: BBB)

Location Description

Dollar Tree is conveniently situated on Hancock Drive, which serves as the primary east/west thoroughfare for Wonder Lake. With a daily traffic count of 7,425 vehicles passing by, the location benefits from high visibility and accessibility for customers. The subject property is located within a 15-minute drive of both the McHenry Shopping Center and Northwestern Medicine McHenry Hospital....

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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
2028 Total Population : 5,492 18,522 43,433
2023 Total Population : 4,040 15,547 39,907
2023 Employed Civilian Pop : 2,103 8,115 21,218
2023 Total Businesses : 69 281 1,110
2023 Average Household Income : $ 91,909 $ 109,959 $ 107,892
2023 Total Consumer Spending : $ 133 M $ 561 M $ 1418 M
2023 Median Age : 41 40 40
2023 Total Households : 1,687 5,982 15,398
2023 Pop Age 25+: Bachelor's Degree : 569 2,211 5,961
2023 Average Home Value : $ 242,676 $ 272,030 $ 268,581
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hancock Dr East Dr 2013 4,850 0.08 mi
E Wonder Lake Rd Deep Spring Rd 2013 5,100 0.24 mi
E Wonder Lake Rd Birch Dr 2013 4,450 0.30 mi
Wonder Lake Rd 2021 3,850 0.38 mi
Wonder Lake Rd 2021 4,500 0.72 mi
E Wonder Lake Rd Oakwood Dr 2013 5,100 0.91 mi
Hancock Dr N Ringwood Rd 2021 4,600 0.96 mi
W Wonder Lake Dr Oakworth Dr 2010 1,620 1.10 mi
White Oaks Rd W Wonder Lake Dr 2010 500 1.11 mi
E Wonder Lake Rd Preston Dr 2009 4,850 1.17 mi

Listing Broker

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