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Views: 81 DOM: 165 Updated: 11.07.24 Posted: 06.21.24 Status: Contract 09.20.24

Summary

Price $2,506,000
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 6.90%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 07-25-2024
#Units 16,700
Price/SF $250.60
Expiration 07-24-2034
Tenant Type Dollar/Discount
NOI $172,900
R. Term 9.7
Ownership Fee Simple
Rent/SF $17.29
Increases 0.0%/0/yrs
Pop 5Mi 23,441
Lot/AC 2.01
Options 4/5yrs
AHHI 5Mi $104,116

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • The lease features $5,000 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 at the signalized, hard corner intersection of US 175 and FM 148, with access to a combined daily traffic count of 8,800 vehicles. The property is conveniently situated off US-175, offering a direct route to Dallas and situated across from Rusted Rail Golf Club. The immediate area is surrounded by well-known national tenants, including Sonic, McDonald's,...

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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 Dollar Tree, Family Dollar, and Dollar Tree Canada....


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Listing Broker

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