Dollar Tree

1013 U.S. 264, Belhaven, NC 27810

$725,000

Cap Rate 8.97%

Views: 172 DOM: 341 Updated: 11.11.24 Posted: 01.16.24 Status: Active

Summary

Price $725,000	Built/Renov 2013	Tenant Dollar Tree
Cap Rate 8.97%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,000	Lease Start 02-08-2013	#Units 16,700
Price/SF $90.63	Expiration 03-31-2025	Tenant Type Dollar/Discount
NOI $65,000	R. Term 0.3	Ownership Fee Simple
Rent/SF $8.13	Increases 10.0%/1/yrs	Pop 5Mi 3,689
Lot/AC 0.91	Options 5/5yrs/10%	AHHI 5Mi $61,788

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Dollar Tree has less than 1 year remaining on the current lease term with 5 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and 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 General is strategically located on US 264, with access to 3,000 vehicles passing by daily. The surrounding area boasts prominent national tenants, such as Hardees, Advanced Auto Parts, Walgreens, Speedway, and more. The 5-mile trade area is supported by a population of 3,689 with an average household income of 61,788. Belhaven is a waterfront town in Beaufort County, North Carolina....

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Key Features

Major thoroughfare
Near major nationals
Strategically located
Highway location
Limited competition
Favorable NN+ lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant

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Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Belhaven, North Carolina Zip Code 27810 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 of Dollar Tree, Family Dollar and Dollar Tree...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Main Street	W Main St	2021	3,700	0.00 mi
West Main Street	W Main St	2019	3,300	0.01 mi
W Main St	California St	2004	3,500	0.06 mi
	W Pungo	2019	5,400	0.21 mi
	Campbell Ln	2021	6,100	0.21 mi
	Hwy 264 Byp	2019	4,600	0.23 mi
US Hwy 264 Byp	W Pantego St	2019	4,400	0.28 mi
US Hwy 264 Byp	W Pantego St	2018	4,400	0.28 mi
West Main Street	Mill St	2018	3,600	0.30 mi
West Main Street	Mill St	2021	3,500	0.36 mi

Listing Broker

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