Dollar Tree

7505 Hancock Drive, Wonder Lake, IL 60097

$1,399,655

Cap Rate 7.25%

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 8.0	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

Isaiah Harf

Northmarq

Contact

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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Key Features

Recent renovation
Near major nationals
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Wonder Lake, Illinois Zip Code 60097 Broker Site Page

Maps

Local Information

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 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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