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Views: 237 DOM: 382 Updated: 05.29.24 Posted: 03.17.24 Status: Active

Summary

Price $1,941,400
Built/Renov 2023
Tenant Dollar Tree
Cap Rate 7.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 03-01-2024
#Units 16,700
Price/SF $184.90
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $138,810
R. Term 8.11
Ownership Fee Simple
Rent/SF $13.22
Increases 0.0%/0/yrs
Pop 5Mi 17,648
Lot/AC 5.77
Options 4/5yrs
AHHI 5Mi $79,896

Lease Highlights

  • New 2023 construction
  • Dollar Tree recently executed a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features $0.50/PSF escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on Highway 49, with access to 20,000 vehicles passing by daily. The property is less than 5 minutes from Brookland School district, which is one of the fastest growing public-school districts in the area. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 17,648 residents with an...

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Maps

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
West School Street Jewel Cove 2017 4,200 0.51 mi
School St Jewel Cove 2017 4,200 0.53 mi
North Holman Street Anderson St 2021 4,400 0.55 mi
US 49B Craighead 736 Rd 2021 3,500 0.63 mi
AR 230 Hwy 49 2021 790 1.00 mi
US 49;AR 1 Pine Logging Rd 2021 20,000 1.05 mi
US 49B Cornwall Rd 2021 1,700 1.90 mi
East Johnson Avenue Craighead 768 Rd 2021 27,000 2.18 mi
US 49;AR 1 Craighead 761 Rd 2021 19,000 2.42 mi
US 49;AR 1 Gillams Folly Rd 2021 19,000 2.42 mi

Listing Broker

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D. Andrew Ragsdale

Newmark

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  • 7 Listings
  • 1592 Views
  • 0 Sold
Ken Hedrick

Newmark

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  • 7 Listings
  • 1592 Views
  • 0 Sold

Joining Hedrick and Hopkins in 2011, Ragsdale focuses exclusively on Single Tenant Retail investment properties throughout the United States. As a partner and founding member of Newmark’s Net Lease Capital Markets, he has played a critical role in the team’s $5.75B historical track record. Ragsdale’s clients include merchant developers, public/private REITS, private equity groups, high net worth individuals, and tax-deferred §1031 exchange buyers. A graduate of the University of Tulsa College o

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Hedrick joined Newmark in 2017 to become a founding partner of the Newmark Net Lease Capital Markets. He brings more than 15 years of expertise closing over 325 single tenant deals for more than $5.75B in sales. Some of his notable transactions include the sale of the United Nations office building in Manhattan, GSA-FBI office building in Hawaii, Amazon datacenter in Virginia, more than 76 FedEx distribution facilities and more than 45 Tractor Supply Co.-leased properties throughout the United

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Phillip Butts

Newmark

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  • 7 Listings
  • 1592 Views
  • 0 Sold

Phillip Butts is a Senior Analyst for the Net Lease Capital Markets team. His primary responsibilities include researching market data, underwriting asset values and assisting in the marketing process. Prior to joining the Capital Markets team at Newmark, Butts spent five years with the Stan Johnson Company as an analyst and investment sales broker. Butts grew up in the suburbs of Houston, Texas prior to moving to Tulsa where he earned his Finance and Energy Management degrees at the Unive

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