Listed by Newmark
$2,707,000
Dollar Tree & outparcel
Details
Property Type Retail
Sub Type Storefront
Square Footage 28,635
Net Rentable (SqFt) 28,635
Units 2
NOI $166,600
Occupancy 83.1%
Tenancy Multi
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Expiration 09/30/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options 3, 5-year options
Pro-Forma Cap Rate 8.3%
Pro-Forma NOI $224,620
Price per SqFt $95
Class B
Year Built 2004
Buildings 2
Stories 1
Acreage 4.722
Investment Type Value Add
Tenant Credit Credit Rated
Lease Commencement 05/15/2004
Occupancy Date 05/15/2004
Ground Lease No
Investment grade tenant plus upside potential
Marketing description
Solid income from investment-grade tenant (Dollar Tree) with upside potential from a highly visible, vacant 4,835 outparcel.
Listing Contacts
Listed by Newmark
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,600.00
$13,883.33/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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