- For Sale $1,542,857
- Property Type Retail
- Property Size 12,000 SF
- Lot Size 1.05 Acre
- Cap Rate % 7
- Year Built 1983
- Date Updated Jan 23, 2025
Description
LONG TERM LEASE – Dollar Tree has over 10 years remaining on their original 10 year lease, allowing for a long term investment
MINIMAL LANDLORD OBLIGATIONS – The tenant in on a Modified NNN lease allowing for minimal landlord responsibilities and a passive investmen
OPTIONS TO EXTEND LEASE – Dollar Tree has four, 5-year options to extend the lease
CORPORATE GUARANTY – Dollar Tree corporate has guaranteed the lease, allowing for security of income
GREAT ACCESS – The site boasts from access off of both Green St and N Houston Rd.
DENSE POPULATION – There are more than 80,886 people located within a 5 mile radius.
AFFLUENT SUBURB – The average household income in a 5 mile radius is more than $66,888.
LARGE LOT SIZE – Dollar Tree sits on an oversized lot at ±1.05 acres.
INVESTMENT GRADE CREDIT – Dollar Tree currently has a credit rating of BBB, which is considered to be investment grade.
EXPANDING TENANT – Dollar Tree opened 455 stores in 2022 and plans to open as many as 650 in 2023.
HUGE REVENUE – Dollar Tree’s revenue in 2022 was $28.32 Billion.
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Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services
