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Views: 105 DOM: 72 Updated: 09.10.24 Posted: 09.10.24 Status: Active

Summary

Price $3,719,733
Built/Renov 2002
Tenant Dollar Tree
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 12,064
Lease Start 01-22-2024
#Units 16,700
Price/SF $308.33
Expiration 04-30-2034
Tenant Type Dollar/Discount
NOI $223,184
R. Term 9.5
Ownership Fee Simple
Rent/SF $18.50
Increases 0.0%/0/yrs
Pop 5Mi 322,688
Lot/AC 1.51
Options 2/5yrs
AHHI 5Mi $107,670

Lease Highlights

  • Dollar Tree has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features $1.00/PSF rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on Bell Road, with access to a substantial daily traffic count of 70,233 vehicles. The property is positioned near Arrowhead Towne Center, a major shopping mall, and is surrounded by prominent national retailers such as The Home Depot, Fry’s, AutoZone, The Home Depot, Ashley Home Store, and more . Additionally, it is just 2 miles from the Peoria Sports...

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Maps

  • 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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