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Views: 91 DOM: 129 Updated: 11.08.24 Posted: 08.23.24 Status: Contract 11.26.24

Summary

Price $2,143,000
Built/Renov 2023
Tenant Dollar Tree
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,000
Lease Start 10-28-2023
#Units 16,700
Price/SF $214.30
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $150,000
R. Term 9.2
Ownership Fee Simple
Rent/SF $15.00
Increases 0.0%/9/yrs
Pop 5Mi 208,692
Lot/AC 1.29
Options 4/5yrs
AHHI 5Mi $87,826

Lease Highlights

  • New 2023 construction
  • 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
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located on West Kenosha Street, with access to 21,500 vehicles passing by daily. The property is conveniently situated 1 mile from State Highway 51, a major highway, and 4 miles from a prime retail corridor anchored by Sam’s Club, Cinemark and IMAX, Woodland Plaza, and Woodland Hills Mall. Additionally, it is near well-known national tenants, including Walmart,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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 Dollar Tree, Family Dollar, and Dollar Tree...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,142 77,450 219,510
2023 Total Population : 7,037 75,376 215,063
2023 Employed Civilian Pop : 3,828 40,190 111,646
2023 Total Businesses : 567 4,193 9,307
2023 Average Household Income : $ 100,528 $ 94,699 $ 91,370
2023 Total Consumer Spending : $ 225 M $ 2411 M $ 6675 M
2023 Median Age : 37 37 36
2023 Total Households : 2,638 29,593 84,619
2023 Pop Age 25+: Bachelor's Degree : 1,138 13,316 35,709
2023 Average Home Value : $ 210,038 $ 241,472 $ 243,688
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Kenosha Street E 71st St 2021 17,900 0.02 mi
E 71st St S N Elder Pl 2015 20,631 0.27 mi
E 71st St S Kalanchoe Ave 2015 17,969 0.28 mi
N Aspen Ave W Greeley St 2015 25,992 0.52 mi
N Aspen Ave Lansing Ave 2015 26,211 0.53 mi
E 2nd St W Greeley St 2015 11,798 0.54 mi
S Fir Ave W Broadway Ct 2015 1,100 0.56 mi
E 71st St S N Sycamore St 2015 20,323 0.57 mi
N Olive St E 68th Ave 2015 13,540 0.57 mi
E 71st St S N Sweet Gum Ave 2015 22,509 0.65 mi

Listing Broker

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