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Views: 86 Updated: 05.06.24 Posted: 11.29.23 Status: Inactive 05.06.24

Summary

Price $2,482,727
Built/Renov 2002
Tenant Dollar Tree
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 15,120
Lease Start 07-31-2022
#Units 8,134
Price/SF $164.20
Expiration 07-31-2032
Tenant Type Dollar/Discount
NOI $198,618
R. Term 7.8
Ownership Fee Simple
Rent/SF $13.14
Increases 0.0%/4/yrs
Pop 5Mi 400,360
Lot/AC 1.62
Options 4/5yrs
AHHI 5Mi $63,525

Lease Highlights

  • Dollar Tree has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features $0.50/SF rental escalations every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

The subject property is strategically located at the signalized intersection of Jeffery Blvd. (10,000+ VPD) & East 95th Street (23,200+ VPD), with two full points of access into the site, providing excellent exposure and visibility. Additionally, it is less than two miles east from the on/ off ramps for Interstate 94 (259,300+ VPD), a major north-south highway, with direct access to downtown...

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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:8,134
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores. The company is the leading operator of discount variety stores offering merchandise...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 18,459 175,655 394,358
2022 Total Population : 18,719 180,238 403,669
2022 Employed Civilian Pop : 7,785 72,302 156,908
2022 Total Businesses : 328 3,064 6,946
2022 Average Household Income : $ 73,340 $ 62,680 $ 63,929
2022 Total Consumer Spending : $ 476 M $ 4108 M $ 9256 M
2022 Median Age : 46 40 39
2022 Total Households : 7,554 75,553 166,809
2022 Pop Age 25+: Bachelor's Degree : 2,254 18,293 38,359
2022 Average Home Value : $ 207,537 $ 253,942 $ 262,331
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Jeffery Blvd E 96th St 2014 5,550 0.12 mi
S Jeffery Blvd E 94th St 2018 5,700 0.13 mi
South Jeffery Boulevard E 93rd St 2018 11,600 0.29 mi
E 95th St S Constance Ave 2013 23,500 0.34 mi
E 93rd St S Constance Ave 2014 4,950 0.37 mi
South Jeffery Boulevard E 92nd St 2018 9,600 0.41 mi
S Van Vlissingen Rd S Jeffery Blvd 2014 4,800 0.45 mi
E 93rd St S Crandon Ave 2014 5,250 0.47 mi
South Van Vlissingen Road E 99th St 2018 3,750 0.48 mi
South Stony Island Avenue Stony Island Ave 2014 22,400 0.54 mi

Listing Broker

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