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Views: 169 DOM: 385 Updated: 11.08.24 Posted: 12.02.23 Status: Active

Summary

Price $1,930,500
Built/Renov 2024
Tenant Dollar Tree
Cap Rate 7.20%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 05-01-2024
#Units 16,700
Price/SF $198.50
Expiration 04-30-2034
Tenant Type Dollar/Discount
NOI $139,000
R. Term 9.4
Ownership Fee Simple
Rent/SF $13.90
Increases 0.0%/10/yrs
Pop 5Mi 14,515
Lot/AC 1.26
Options 4/5yrs
AHHI 5Mi $88,409

Lease Highlights

  • Brand-new 2024 construction
  • Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features $0.50/SF rental increase at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Dollar Tree is strategically located along West Highway 199 with a combined daily traffic count of 16,332 vehicles passing by. This prime location is further enhanced by the limited competition in the vicinity. Adjacent to the property, is the Springtown RV Park and the Outwest Campground & RV Park. The 5-mile trade radius is supported by a population of 14,515 residents, with an average...

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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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Listing Broker

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