Listed by Matthews
$1,375,000
Dollar Tree
Details
Property Type Retail
Sub Type Convenience Store, Discount
Square Footage 20,000
Cap Rate 8%
NOI $110,000
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2033
Price per SqFt $69
Year Built 1950
Buildings 1
Stories 1
Acreage 2.290
Parking Spaces spaces
Lease Commencement 07/01/2023
Ownership Fee Simple
Dollar Tree, Inc. (NASDAQ: DLTR), rated BBB by S&P, operates over 16,000 stores nationwide
Investment highlights
- Dollar Tree, Inc. (NASDAQ: DLTR), rated BBB by S&P, operates over 16,000 stores nationwide with more than 200,000 employees and reported $30.6 billion in annual revenue; ranked #143 on the 2024 Fortune 500 list.
- Approximately eight years of remaining primary lease term with four (4), five-year renewal options, providing durable, passive cash flow and minimal landlord obligations.
- Situated along Mount Carmel’s primary retail artery with direct exposure to major national retailers including McDonald’s, Burger King, AutoZone, Scooter’s Coffee, Casey’s, Dollar General, DG Marketplace, Ace Hardware, and CVS.
- Located near several major employers including Toyota Motor Manufacturing Indiana (7,000+ employees), Toyota Boshoku Indiana, and Futaba North America—key suppliers to the automotive industry.
- Within the economic reach of Gibson Generating Station—the largest coal-fired power plant in North America by output and the largest facility operated by Duke Energy.
- Regional presence of Berry Global Group, Inc., a Fortune 500 global packaging manufacturer with over 265 facilities and 46,000+ employees, headquartered in nearby Evansville, Indiana.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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