Dollar Tree | Springfield IL | 9 YEARS REMAINING
RECENT 10-YEAR LEASE EXTENSION | TRAFFIC COUNTS EXCEED +43,000 VPD
Investment highlights
LEASE & LOCATION HIGHLIGHTS
• 2017 retrofit for Dollar Tree
• Dollar Tree recently extended their lease early to a full 10-year term, proving their commitment to the location and market
• Corporately guaranteed lease
• Three, 5-Year renewal options all of which include a $.50/SF rent increase
• 5-Mile population of 88,476 residents
• Average household income of $69,505 annually
• Traffic counts exceed +43,000 at the intersection of Dirksen Pkwy & E Sangamon Rd
• Local retail tenants include Walmart, Lowes McDonald’s, ADLI, Wells Fargo, AARON’s KFC, Wendy’s, and many more
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
• Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales / profitability
• Investment Grade Credit Tenant – S&P Rated BBB
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