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| Price $2,677,000 | Built/Renov 2024 | Tenant Dollar Tree |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
10,000
| Lease Start
10-15-2024
| #Units
16,700
|
| Price/SF $267.70 | Expiration
10-31-2034
| Tenant Type Dollar/Discount |
| NOI $187,500 | R. Term 9.6 | Ownership Fee Simple |
| Rent/SF
$18.75
| Increases 10.0%/5/yrs | Pop 5Mi 70,336 |
| Lot/AC 0.96 | Options 5/5yrs/10% | AHHI 5Mi $85,094 |
| | |
Dollar Tree is strategically located on Mortensen Road, with access to 20,000 vehicles passing by daily. The property is 0.8 miles from Ames Middle School, 4.9 miles from Ames High School, and 2 miles from the Iowa State University Campus, which has 30,700 students. Additionally, it is positioned between a Sleep Inn & Suites, a Kum & Go Gas Station, and the Dakota Crossing Shopping Mall....
...New construction
Build to suit
Near major nationals
Highway close
Top 100 MSA
Affluent suburb location
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 10,390 | 43,393 | 72,426 |
| 2024 Total Population : | 10,340 | 42,498 | 70,864 |
| 2024 Employed Civilian Pop : | 5,615 | 20,136 | 34,280 |
| 2024 Total Businesses : | 143 | 794 | 2,187 |
| 2024 Average Household Income : | $ 71,559 | $ 79,787 | $ 91,678 |
| 2024 Total Consumer Spending : | $ 317 M | $ 1040 M | $ 2245 M |
| 2024 Median Age : | 24 | 23 | 25 |
| 2024 Total Households : | 4,930 | 14,557 | 27,613 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,389 | 5,051 | 11,180 |
| 2024 Average Home Value : | $ 342,124 | $ 336,917 | $ 316,421 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mortensen Rd | South Dakota Ave | 2007 | 8,900 | 0.06 mi |
| South Dakota Ave | Mortensen Rd | 2011 | 12,900 | 0.12 mi |
| South Dakota Ave | Mortensen Rd | 2011 | 7,900 | 0.15 mi |
| US 30 | US Hwy 30 | 2022 | 13,300 | 0.16 mi |
| South Dakota Avenue | 240th St | 2022 | 980 | 0.18 mi |
| Dickinson Ave | Steinbeck St | 2000 | 100 | 0.18 mi |
| Mortensen Rd | Coconino Rd | 2011 | 9,800 | 0.19 mi |
| US 30 | Mortensen Rd | 2022 | 13,300 | 0.20 mi |
| South Dakota Ave | 240th St | 2007 | 6,520 | 0.21 mi |
| Steinbeck St | Dickinson Ave | 2000 | 100 | 0.21 mi |
Chicago, IL
Cap Rate 6.70%
Lease Double NN
R. Term 8.11 yrs
Size/SF 15,717
Laredo, TX
Cap Rate 7.15%
Lease Double NN
R. Term 9.10 yrs
Size/SF 10,000
Dandridge, TN
Cap Rate 6.70%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 12,764
Yoncalla, OR
Cap Rate 6.60%
Lease Abs NNN
R. Term 14.40 yrs
Size/SF 10,910
Morehead City, NC
Cap Rate 6.75%
Lease Double NN
R. Term 10.30 yrs
Size/SF 13,813
Venice, FL
Cap Rate 6.75%
Lease Abs NNN
R. Term 10.30 yrs
Size/SF 12,900
Wilmington, DE
Cap Rate 7.25%
Lease Abs NNN
R. Term 5.60 yrs
Size/SF 9,100
Enfield, CT
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 10,640
Hamden, CT
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 10,640
Mocksville, NC
Cap Rate 6.60%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 10,640
Sierra Vista, AZ
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 10,566
Cross City, FL
Cap Rate 6.40%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 12,480
Lancaster, CA
Cap Rate 6.50%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 10,640
Pilot Mountain, NC
Cap Rate 6.75%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 12,480
Vernon, FL
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.11 yrs
Size/SF 12,687
Taft, CA
Cap Rate 6.65%
Lease Abs NNN
R. Term 13.11 yrs
Size/SF 10,640
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
