Dollar Tree

2011 East 95th Street, Chicago, IL 60617

$2,482,727

Cap Rate 8.00%

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 7.10	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

Isaiah Harf

Northmarq

Contact

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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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Chicago, Illinois Zip Code 60617 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: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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