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Views: 172 DOM: 671 Updated: 10.21.24 Posted: 01.19.23 Status: Active

Summary

Price $1,416,058
Built/Renov 2000/2022
Tenant Dollar Tree
Cap Rate 6.85%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,664
Lease Start 10-01-2022
#Units 16,700
Price/SF $132.79
Expiration 11-30-2032
Tenant Type Dollar/Discount
NOI $97,000
R. Term 8.0
Ownership Fee Simple
Rent/SF $9.10
Increases 10.0%/5/yrs
Pop 5Mi 11,545
Lot/AC 1.25
Options 4/5yrs/10%
AHHI 5Mi $62,231

Lease Highlights

  • Recent renovation 2022
  • Recently extended 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rent increases every 5 years throughout the initial term and at each option period
  • Landlord responsible for roof & structure 
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is located at the signalized, hard corner intersection of Old MS Highway and South Main Street which sees a combined 17,000 vehicles per day. The tenant recently relocated to this newly renovated property. Nearby national tenants include Walgreens, Auto Zone, Dollar General, Wendys, Walgreens, Hardees and many others. The 3-mile trade area is supported by 11,545 residents with an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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
2028 Total Population : 4,375 16,435 50,676
2023 Total Population : 4,436 16,597 50,939
2023 Employed Civilian Pop : 1,967 6,793 21,738
2023 Total Businesses : 225 924 2,203
2023 Average Household Income : $ 64,063 $ 66,511 $ 63,348
2023 Total Consumer Spending : $ 97 M $ 371 M $ 1071 M
2023 Median Age : 36 37 31
2023 Total Households : 1,741 6,381 19,256
2023 Pop Age 25+: Bachelor's Degree : 471 1,832 5,953
2023 Average Home Value : $ 149,244 $ 155,337 $ 167,611
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Central Ave Morris St 2006 15,000 0.09 mi
South Main Street W 4th Ave 2018 8,800 0.10 mi
East Central Avenue E Central Ave 2018 8,000 0.10 mi
Morris St E 4th Ave 2018 2,700 0.16 mi
S Main St E 5th Ave 2006 7,400 0.29 mi
North George Street Jackson Ave 2018 490 0.33 mi
Old Richton Road Wilson Dr 2018 3,200 0.34 mi
East Central Avenue Old Corinth Rd 2018 7,300 0.34 mi
N George St W Cherry Dr 2006 340 0.37 mi
Pine Street W Central Ave 2018 150 0.37 mi

Listing Broker

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