Listed by Northmarq - Chicago
$2,111,111
Dollar Tree
Details
Property Type Retail
Sub Type Storefront
Square Footage 20,000
Cap Rate 9%
NOI $190,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar | Dollar Tree
Lease Type Net
Lease Term 10
Lease Expiration 06/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 5 x 5-year options
Price per SqFt $106
Year Built 1990
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.990
Investment Type Net Lease
Lease Commencement 07/01/2023
Ground Lease No
Ownership Fee Simple
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 9.00 Cap | 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
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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