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Views: 9 DOM: 5 Updated: 11.19.24 Posted: 11.19.24 Status: Active

Summary

Price $624,500
Built/Renov 2008
Tenant Dollar Tree
Cap Rate 7.35%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 01-05-2024
#Units 16,700
Price/SF $68.03
Expiration 01-31-2029
Tenant Type Dollar/Discount
NOI $45,900
R. Term 4.2
Ownership Fee Simple
Rent/SF $5.00
Increases 0.0%/0/yrs
Pop 5Mi 7,348
Lot/AC 0.86
Options 4/5yrs
AHHI 5Mi $107,945

Lease Highlights

  • 4+ years remaining on NN lease with 4 (5-year) options to extend
  • $0.50 PSF rental increases every 5 years
  • Site features a metal roof | Landlord applied a metal coating in 2019 with a 10-year warranty
  • Corporate guaranteed lease (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar Tree is strategically positioned with frontage on IN-135, a main artery with a daily traffic count of 12,668 vehicles that runs directly north to Indianapolis, offering easy ingress and egress. The property is just 0.25 miles from the signalized crossroads of SR 135 and SR 252, which see a combined 20,963 vehicles per day. Nearby national retailers include a newly developed Taco Bell,...

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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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Listing Broker

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