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Views: 272 DOM: 379 Updated: 07.24.24 Posted: 11.08.23 Status: Active

Summary

Price $1,250,000
Built/Renov 1993/2023
Tenant Family Dollar | Dollar Tree
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 20,000
Lease Start 10-01-2023
#Units 1,200
Price/SF $62.50
Expiration 09-30-2033
Tenant Type Dollar/Discount
NOI $100,000
R. Term 8.10
Ownership Fee Simple
Rent/SF $5.00
Increases 10.0%/5/yrs
Pop 5Mi 23,653
Lot/AC 1.36
Options 5/5yrs/10%
AHHI 5Mi $95,636

Lease Highlights

  • 2023 renovation
  • Family Dollar | Dollar Tree is operating under a brand new, 10-year lease with 5 (5-year) extension options
  • The lease features $0.50/SF rent escalations every 5 years
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located along South Division Street with access to over 9,400 vehicles per day. The site benefits from its close proximity to the on/off ramps of Illinois Route 13 with over 23,000 VPD. National/credit tenants in the area include McDonalds, Starbucks, Taco Bell, The Home Depot, Walmart and many others. Additionally, the Property is located less than...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,070 10,416 23,581
2023 Total Population : 3,111 10,297 23,627
2023 Employed Civilian Pop : 1,533 5,151 11,145
2023 Total Businesses : 155 364 979
2023 Average Household Income : $ 90,016 $ 97,997 $ 86,190
2023 Total Consumer Spending : $ 108 M $ 365 M $ 771 M
2023 Median Age : 39 39 40
2023 Total Households : 1,382 4,315 10,247
2023 Pop Age 25+: Bachelor's Degree : 616 1,705 3,189
2023 Average Home Value : $ 199,787 $ 228,303 $ 190,215
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Howerton St Chambers St 2011 600 0.08 mi
S Division St Howerton St 2011 10,700 0.12 mi
Lakeshore Dr Brentwood Ln 2011 700 0.12 mi
California St Chambers St 2011 950 0.19 mi
S Division St Plz Dr 2001 9,700 0.23 mi
Tippy Rd Willow 2011 1,150 0.24 mi
Laclede Ave S Division St 2011 225 0.25 mi
S Division St Plz Dr 2001 10,000 0.27 mi
Commerce Dr Brentwood Dr 2011 100 0.28 mi
Plaza Dr Brentwood Dr 2011 4,200 0.28 mi

Listing Broker

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