Listed by Matthews
$1,515,026
DOLLAR TREE
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 12,150
Net Rentable (SqFt) 12,150
Cap Rate 7.8%
NOI $118,172
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Remaining Term 3
Price per SqFt $125
Year Built 1958
Corporate guaranteed lease
Investment highlights
LEASE & LOCATION HIGHLIGHTS
Corporate guaranteed lease
The subject property comes with a roof warranty
One of Two Dollar Tree locations in the trade area. Placer AI shows ±14,200 visits per week
3-Mile population of ±82,914 residents
5-Mile population of ±246,033 residents
Average household income of $69,596 annually
Traffic counts on Schaefer HWY exceed ±30,100 vehicles daily
TENANT HIGHLIGHTS
Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
Investment Grade Credit Tenant – S&P Rated BBB
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,172.00
$9,847.67/mo
Valuation Metrics
0
DSCR
7.8%
Cap Rate
7.8%
ROI
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