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Views: 118 DOM: 228 Updated: 11.07.24 Posted: 05.16.24 Status: Active

Summary

Price $2,208,333
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.20%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 12-01-2024
#Units 16,700
Price/SF $227.14
Expiration 12-31-2034
Tenant Type Dollar/Discount
NOI $159,000
R. Term 10.0
Ownership Fee Simple
Rent/SF $15.90
Increases 0.0%/0/yrs
Pop 5Mi 69,950
Lot/AC 1.24
Options 4/5yrs
AHHI 5Mi $104,513

Lease Highlights

  • Brand new 2024 construction 
  • Dollar Tree will be executing a brand new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on High Pointe Drive, with access to 37,626 vehicles passing by daily. The property is conveniently situated near a Walmart Supercenter and adjacent to the Bell Pointe Apartments, a 288-unit luxury multifamily complex. Additionally, it is positioned just off Indiana State Road 66, which boasts daily traffic counts of 37,626 VPD. Nearby retail developments...

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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 : 6,192 40,207 70,396
2024 Total Population : 5,957 39,410 69,576
2024 Employed Civilian Pop : 2,822 20,562 36,051
2024 Total Businesses : 282 1,029 3,218
2024 Average Household Income : $ 111,694 $ 116,837 $ 101,636
2024 Total Consumer Spending : $ 238 M $ 1596 M $ 2594 M
2024 Median Age : 44 41 41
2024 Total Households : 2,459 15,753 29,197
2024 Pop Age 25+: Bachelor's Degree : 1,143 7,429 12,289
2024 Average Home Value : $ 335,261 $ 333,007 $ 307,731
*ESRI data is presented for informational purposes only

Listing Broker

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