loader
Join Free
Views: 47 DOM: 77 Updated: 08.06.24 Posted: 06.22.24 Status: Active

Summary

Price $2,286,000
Built/Renov 2023
Tenant Dollar Tree
Cap Rate 5.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,600
Lease Start 02-09-2023
#Units 16,700
Price/SF $238.13
Expiration 02-08-2033
Tenant Type Dollar/Discount
NOI $120,000
R. Term 8.5
Ownership Fee Simple
Rent/SF $12.50
Increases 10.0%/9/yrs
Pop 5Mi 96,904
Lot/AC 0.99
Options 3/5yrs/10%
AHHI 5Mi $139,183

Lease Highlights

  • New 2023 construction
  • Dollar Tree has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations 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 Tree is strategically located on W Indian School Road, a major retail thoroughfare, with access to 11,100 vehicles passing by daily. The property is positioned within Jackrabbit Ranch Marketplace, a shopping center anchored by Goodwill. Additionally, it is across the road from Village Grove at Verrado, a shopping center with well-known national tenants including Fry’s Electronics,...

...

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....


...

Listing Broker

Loading...
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