Listed by CIRE Partners
$1,860,000
Dollar Tree - Taft, CA
Details
APN 220-290-11-00-1
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,360
Net Rentable (SqFt) 9,360
Cap Rate 5%
NOI $93,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/01/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options One (1) 5-year option
Year Built 2008
Acreage 0.270
Investment Type Net Lease
Lease Commencement 07/01/2008
Ownership Fee Simple (Land & Building)
AutoZone | 5.00% CAP | 9,360 SF
Marketing description
CIRE Partners is pleased to present a single-tenant net leased investment offering consisting of the fee-simple interest in a Dollar Tree (the "Property" or "Asset") located in Taft, CA. The Property is a 9,360 SF on 0.27 AC operating with a corporate guaranty. The site benefits from strong real estate fundamentals, secure tenant synergy, direct visibility from highly trafficked thoroughfares, and sits directly on shopping center’s busiest ingress/egress access point
This is a rare opportunity for qualified investors to acquire recession-proof tenant with proven commitment through the entire center's relaunch.
Investment highlights
Dollar Tree, Inc. (NASDAQ: DLTR) is an investment grade (S&P: BBB) tenant with 2023 fiscal year sales of $30.6 billion. Dollar Tree's gross profit was $9.3 billion with a gross margin of 31.5%. Net income for 2023 was $1.615 billion. Dollar Tree operates more than 16,000 stores across 48 states and five Canadian provinces.
Dollar Tree exercised first option proving commitment to a center that (at the time) was without an anchor
Subject Property benefits from strong tenant synergy that now shares a center with Apples Market and Tractor Supply. Both slated to open doors early 2025
Taft, CA is a proven agricultural transportation corridor that is home to ±20,480 Residents Within 10-Mile Radius
Listing Contacts
Listed by CIRE Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,000.00
$7,750.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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