Family Dollar | Dollar Tree

1101 University Avenue, Henry, IL 61537

$1,611,783

Cap Rate 7.85%

Views: 601 DOM: 68 Updated: 10.30.24 Posted: 09.14.24 Status: Active

Summary

Price $1,611,783	Built/Renov 2024	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.85%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 03-15-2024	#Units 1,200
Price/SF $153.50	Expiration 03-31-2034	Tenant Type Dollar/Discount
NOI $126,525	R. Term 9.4	Ownership Fee Simple
Rent/SF $12.05	Increases 0.0%/0/yrs	Pop 5Mi 3,072
Lot/AC 1.00	Options 4/5yrs	AHHI 5Mi $63,253

Lease Highlights

Brand new 2024 construction
Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features $0.50/PSF rental increases at the start of each option period
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located at the hard corner intersection of University Avenue and County Rd 1350 N, with access to a combined daily traffic of 4,834 vehicles. The property features two points of ingress and egress, and is directly across the street from a Casey's gas station and Henry-Senachwine High School. The immediate area features prominent...

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Key Features

New construction
Hard corner intersection
Build to suit
Near major nationals
Strategically located
Major MSA
Brand new lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Henry, Illinois Zip Code 61537 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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...

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Listing Broker

Bryan Bender

Fortis Net Lease

Contact

62 Listings
9678 Views
8 Sold

Kyle Carson

Fortis Net Lease

Contact

6 Listings
1104 Views
0 Sold

Bryan Bender

January 18th, 2008 was my first day working in Commercial Real Estate. I still remember arriving early that morning, and receiving a phone call from my father. “Never change who you are” he said, knowing how nervous I was in trying to follow my brother, Robert, into Investment property sales at Marcus & Millichap. I had to make this work, I cannot fail, I thought to myself. After a one and a half decades of ups and downs, listings and closings, and seemingly endless negotiations, a lesson I

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Kyle Carson

Kyle specializes in exclusive seller & buyer representation, along with advising his local and national clientele. This full spectrum of advisory includes: acquisition/disposition, financial analysis, short & long term investment portfolio plans & micro/macro financial market breakdown. Kyle represents clients in property sales ranging from single tenant net lease properties to shopping centers nationwide. He also focuses on CMBS loan assumptions for stabilized multi-tenant assets.

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