Family Dollar | Dollar Tree

227 South Front Street, Oak Hill, OH 45656

$1,652,000

Cap Rate 7.50%

Views: 149 DOM: 366 Updated: 11.07.24 Posted: 12.21.23 Status: Active

Summary

Price $1,652,000	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 10-01-2023	#Units 1,200
Price/SF $157.33	Expiration 10-01-2033	Tenant Type Dollar/Discount
NOI $123,900	R. Term 8.9	Ownership Fee Simple
Rent/SF $11.80	Increases 0.0%/10/yrs	Pop 5Mi 6,639
Lot/AC 1.44	Options 4/5yrs	AHHI 5Mi $46,117

Lease Highlights

Brand-new 2023 construction
Family Dollar | Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options
Lease features $0.50/SF rental increase at the start of each option
Corporate guarantee | Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located with frontage on Front Street, the main thoroughfare going through the city of Oak Hill. The property’s prime location is further enhanced by its proximity to national retailers, including Piggly Wiggly, CVS Pharmacy, Dollar General, Subway, McDonald’s, and more. Oak Hill is a village in Jackson County, Ohio, situated in the southern part of...

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Key Features

New construction
New prototype
Major thoroughfare
Near major nationals
Strategically located
Brand new lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Oak Hill, Ohio Zip Code 45656 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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 :	1,773	3,501	5,430
2023 Total Population :	1,790	3,534	5,478
2023 Employed Civilian Pop :	664	1,379	2,253
2023 Total Businesses :	66	91	111
2023 Average Household Income :	$ 77,326	$ 79,322	$ 79,630
2023 Total Consumer Spending :	$ 51 M	$ 100 M	$ 149 M
2023 Median Age :	41	41	41
2023 Total Households :	746	1,408	2,099
2023 Pop Age 25+: Bachelor's Degree :	151	302	476
2023 Average Home Value :	$ 166,216	$ 167,447	$ 165,979

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Maple St	2nd St	2004	1,760	0.07 mi
Front Street	E Hill St	2021	5,826	0.08 mi
South Front Street	Davis Ave	2021	4,546	0.09 mi
Maple Street	PkAve	2021	2,241	0.11 mi
East Main Street	Gallia St	2021	2,745	0.18 mi
Gallia Street	Marcum St	2021	585	0.27 mi
Maple St	Evan St	2018	2,192	0.28 mi
Front Street	Monroe St	2021	5,876	0.41 mi
Front St	N Jackson St	2004	4,970	0.47 mi
East Main Street	Herbert Dr	2021	3,498	0.66 mi

Listing Broker

Richard Brehaut

CBRE: NLPG South Bay

Contact

25 Listings
3466 Views
7 Sold

Kent Presson

CBRE: NLPG South Bay

Contact

25 Listings
3466 Views
7 Sold

Richard Brehaut

Richard Brehaut is a Senior Vice President with CBRE’s Net Lease Property Group. Mr. Brehaut’s focus is to advise developers, family offices, private investors, REITs, private equity firms, and franchisees regarding all facets of net-leased properties. Mr. Brehaut specializes in transacting single-tenant and multi-tenant assets, national net-lease portfolios, and structuring sale-leasebacks for some of the largest global companies in the Retail, Industrial, Medical Office and Special Use sector

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Kent Presson

Senior Transaction Manager for the Anderson-Brehaut Net Lease Advisory Group based out of CBRE's South Bay office located in El Segundo, CA.

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Tony Anderson

CBRE: NLPG South Bay

Contact

25 Listings
3466 Views
7 Sold

Tony Anderson

As a Senior Vice President at CBRE, Tony serves as an advisor for many Corporate Real Estate entities including Developers, Family Offices, Private Equity Sponsors, Founder/Family Owned Companies and Franchisees on their real estate while also raising capital for various projects. He has underwritten and transacted for some of the largest global companies with aggregate deal volume exceeding $1.5 billion in the Retail, Industrial, Medical Office and Special Use spaces.

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