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Views: 73 Updated: 01.11.24 Posted: 11.09.23 Status: Inactive

Summary

Price $2,713,000
Built/Renov 2002
Tenant Dollar Tree- DUPE
Cap Rate 5.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 14,511
Lease Start 05-01-2020
#Units 8,134
Price/SF $186.96
Expiration 05-01-2030
Tenant Type Dollar/Discount
NOI $155,993
R. Term 5.4
Ownership Fee Simple
Rent/SF $10.75
Increases 0.0%/7/yrs
Pop 5Mi 326,780
Lot/AC 1.74
Options 2/5yrs
AHHI 5Mi $90,066

Lease Highlights

  • Dollar Tree has 6+ years of firm term remaining with 2 (5-year) options to extend
  • The lease features scheduled $0.50 PSF rental increases at the beginning of each option
  • Limited landlord responsibilities
  • The lease is signed by the corporate entity (S&P: BBB | NASDAQ: DLTR)

Location Description

Dollar Tree is strategically located at the hard corner intersection of Curry Ford Road and Peel Avenue, averaging a combined 44,200 vehicles passing by daily. The asset benefits from nearby access to State Highway 15 (30,000 VPD), State Highway 408 (141,500), and Interstate 4 (167,000 VPD), making this an ideal and centralized location with easy commutes for employees and customers. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar Tree- DUPE
  • 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 : 16,408 131,770 333,889
2022 Total Population : 16,157 128,764 326,865
2022 Employed Civilian Pop : 9,118 70,519 165,434
2022 Total Businesses : 621 11,489 22,674
2022 Average Household Income : $ 88,537 $ 91,406 $ 90,059
2022 Total Consumer Spending : $ 550 M $ 4656 M $ 10530 M
2022 Median Age : 40 39 37
2022 Total Households : 7,232 59,137 135,380
2022 Pop Age 25+: Bachelor's Degree : 3,062 26,613 55,565
2022 Average Home Value : $ 344,983 $ 361,133 $ 354,140
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Peel Avenue Orange Peel Ct 2020 2,400 0.09 mi
Curry Ford Road el Paso Ave 2020 8,000 0.10 mi
Curry Ford Rd el Paso Ave 2003 32,061 0.12 mi
Peel Ave E Kaley St 2007 742 0.15 mi
S Primrose Dr Vine St 2012 7,696 0.17 mi
Curry Ford Rd S Crystal Lake Dr 2007 15,145 0.21 mi
S Primrose Dr Vine St 2001 6,924 0.22 mi
Burchstone Dr Eglington Dr 2007 518 0.23 mi
Curry Ford Rd Jessamine Ave 2012 16,185 0.24 mi
Curry Ford Rd S Crystal Lake Dr 2000 34,097 0.25 mi

Listing Broker

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