Dollar Tree

1442 Tift Avenue North, Tifton, GA 31794

$2,082,000

Cap Rate 7.30%

Views: 65 DOM: 82 Updated: 08.23.24 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 9.11	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

Robby Pfeiffer

Marcus & Millichap

Contact

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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Key Features

Recent renovation
Roof guarantee
Near major nationals
Strong tenant synergy
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Tifton, Georgia Zip Code 31794 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:16,700
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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 Dollar Tree, Family Dollar, and Dollar Tree Canada....

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Listing Broker

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