Listed by Matthews
Unpriced
DOLLAR TREE FOR AUCTION: MAY 18-20
Details
Property Type Retail
Sub Type Storefront
Square Footage 15,312
Net Rentable (SqFt) 15,312
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 10
Remaining Term 8
Year Built 1984
Year Renovated 2024
Corporate Lease with Long-Term Income Security
Investment highlights
- Corporate Lease with Long-Term Income Security – The property is leased to Dollar Tree on a corporate-guaranteed lease with ±7.9 years of remaining term and four 5-year renewal options. Scheduled rental increases every 5 years provide consistent income growth from a creditworthy, national tenant.
- Established National Retailer with Defensive Profile – Dollar Tree operates ±16,500 locations nationwide and has proven especially resilient during economic downturns and periods of inflation. As a value-focused, essential retailer, it remains a vital resource in rural communities like Wellsville, driving dependable foot traffic.
- Strategic Small-Town Location with Regional Pull – Positioned along Bolivar Rd (Route 417), the property sits in Wellsville’s dominant retail corridor with brands like McDonald’s, Tractor Supply, and Tops Friendly Market close by. It benefits from strong visibility and draws consistent traffic from a wide regional trade area, given the limited retail competition in the Southern Tier region of New York.
- Recent Capital Enhancements – In 2024, the building received targeted upgrades that improved operational functionality and curb appeal. These improvements reflect tenant commitment and reduce near-term capital needs, positioning the property well for ongoing performance.
- High-Barrier, Underserved Market – Wellsville’s rural setting and limited retail development create high tenant stickiness and low competition. Dollar Tree fulfills a core need for discount goods in the area, contributing to long-term location stability.
Listing Contacts
Listed by Matthews
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