loader
Join Free
Views: 280 Updated: 03.10.25 Posted: 08.12.23 Status: Inactive

Summary

Price $1,422,500
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 11-01-2023
#Units 1,200
Price/SF $142.86
Expiration 11-01-2033
Tenant Type Dollar/Discount
NOI $110,250
R. Term 8.7
Ownership Fee Simple
Rent/SF $10.50
Increases 9.0%/10/yrs
Pop 5Mi 70,340
Lot/AC 1.01
Options 4/5yrs/9%
AHHI 5Mi $8,392

Lease Highlights

  • Brand new 2023 construction
  • Brand new 10-year lease with 4 (5-year) options to extend
  • Lease features 9% rental increases every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)

Location Description

This newly constructed 10,500 square foot Family Dollar/Dollar Tree location is situated on a 1.01 acre parcel at the hard corner intersection of FM1713 and Tulip Lane with access to 4,800 vehicles per day. The site benefits from its location within a dense residential area which provides a direct consumer base to draw from. Neighboring national/credit tenants in the area include Sonic,...

...

Maps

This image is no longer available
Rotate the view
Google
Image may be subject to copyright
This image is no longer available
Rotate the view
Google
Image may be subject to copyright
  • 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...


...

Listing Broker

Loading...
Chris Lind

Marcus & Millichap: NLAG

Contact
  • 191 Listings
  • 31585 Views
  • 127 Sold
Mark Ruble

Marcus & Millichap: NLAG

Contact
  • 192 Listings
  • 31692 Views
  • 128 Sold

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

...

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity
BESbswy
BESbswy
BESbswy
BESbswy
BESbswy