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Views: 94 DOM: 154 Updated: 10.20.24 Posted: 06.19.24 Status: Active

Summary

Price $2,036,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,004
Lease Start 10-15-2024
#Units 16,700
Price/SF $203.52
Expiration 10-14-2034
Tenant Type Dollar/Discount
NOI $142,557
R. Term 9.10
Ownership Fee Simple
Rent/SF $14.25
Increases 0.0%/0/yrs
Pop 5Mi 28,047
Lot/AC 1.07
Options 4/5yrs
AHHI 5Mi $102,760

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • The lease features fluctuating rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on North Acres Road, with access to 9,800 vehicles passing by daily. The property conveniently fronts U.S. Highway 10, the main thoroughfare in Prescott. Additionally, it is surrounded by well-known national tenants including Tractor Supply Company, First National Bank, and more. Key community amenities in the vicinity include Prescott High School, Andrea...

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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:16,700
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: DLTR

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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,429 7,434 28,449
2024 Total Population : 3,154 6,905 27,209
2024 Employed Civilian Pop : 1,752 3,776 14,459
2024 Total Businesses : 115 211 969
2024 Average Household Income : $ 100,276 $ 119,180 $ 117,024
2024 Total Consumer Spending : $ 114 M $ 286 M $ 1141 M
2024 Median Age : 40 42 42
2024 Total Households : 1,309 2,777 11,198
2024 Pop Age 25+: Bachelor's Degree : 487 1,125 3,994
2024 Average Home Value : $ 299,719 $ 390,231 $ 370,662
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cedar St State Rd 29 2016 9,800 0.15 mi
State Rd 29 N Acres Rd 2016 5,200 0.28 mi
Cedar St N Dexter St 2016 4,900 0.41 mi
US Hwy 10 Pearl St 2012 9,500 0.57 mi
Canton St Saint Croix St 2000 1,300 0.58 mi
Kinnikinnic St High St 2009 2,100 0.66 mi
State Rd 29 640th Ave 2018 6,000 0.80 mi
US Hwy 10 Ellen St 2015 10,400 0.82 mi
Cherry St Dakota St N 2016 2,500 1.02 mi
Broad St Orange St 2016 5,800 1.10 mi

Listing Broker

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