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Views: 128 DOM: 178 Updated: 11.11.24 Posted: 06.26.24 Status: Active

Summary

Price $2,082,000
Built/Renov 2002/2024
Tenant Dollar Tree
Cap Rate 7.30%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 16,000
Lease Start 08-22-2024
#Units 16,700
Price/SF $130.13
Expiration 08-31-2034
Tenant Type Dollar/Discount
NOI $152,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $9.50
Increases 0.0%/0/yrs
Pop 5Mi 30,738
Lot/AC 2.30
Options 4/5yrs
AHHI 5Mi $71,178

Lease Highlights

  • Brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF 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 on Tift Avenue, with access to 11,700 vehicles passing by daily. The property is surrounded by well-known national tenants, including Circle K, Big Lots, TJ Maxx, Taco Bell, Chick-fil-A, and more. The 5-mile trade area is supported by a population of 30,738 residents with an average household income of $71,178. Tifton is a city in and the county seat of...

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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
2029 Total Population : 7,357 25,423 31,515
2024 Total Population : 7,415 25,191 31,183
2024 Employed Civilian Pop : 3,895 10,643 13,516
2024 Total Businesses : 483 1,418 1,653
2024 Average Household Income : $ 82,027 $ 74,583 $ 78,200
2024 Total Consumer Spending : $ 226 M $ 657 M $ 855 M
2024 Median Age : 36 35 36
2024 Total Households : 3,101 9,882 12,270
2024 Pop Age 25+: Bachelor's Degree : 645 1,648 2,223
2024 Average Home Value : $ 239,137 $ 202,226 $ 210,856
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Tift Ave N Potts Rd 2005 13,010 0.08 mi
Tift Avenue North 14th St E 2018 11,800 0.28 mi
Tift Avenue North 14th St E 2019 11,700 0.28 mi
Prince Avenue 14th St E 2019 750 0.30 mi
Prince Avenue 14th St E 2018 730 0.30 mi
East 12 Th Street Love Ln 2019 5,520 0.33 mi
North Ridge Avenue 16th St W 2019 540 0.37 mi
North Ridge Avenue 16th St W 2018 530 0.37 mi
Prince Ave 12th St E 2005 4,220 0.38 mi
12th Street East Prince Ave 2018 3,900 0.39 mi

Listing Broker

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