Dollar Tree
Long-Term Net Lease | Best-in-Class Tenant with Investment Grade Parent Company | 2023 Renovation
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Crosby, Minnesota (the “Property”). The Property consists of a 20,000-squarefoot freestanding retail building on a 0.99-acre parcel of land. Dollar Tree is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.
Investment highlights
High Yield 8.20 Cap at List | Make an Offer Immediately
Long-Term Net Lease | 10-Year Primary Term
2023 Renovations to Large Existing Building (20,000 SF)
High Residual: Low Price/SF and Rent/SF
Excellent Access | Commercial Corridor of Crosby – Major Resort Area/Town
New Store Concept | Proving to be Better Store Performance
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