Dollar Tree
Retail | 8.25% CAP | 9,000 SqFt
Marketing description
This Dollar Tree property is located at 1905 Valley Pine Cir in International Falls, Minnesota. The 9,000 square foot building sits on 0.7 acres and was built in 2007. The property is offered for sale at $954,545 with a current cap rate of 8.25% and NOI of $78,750. The lease is a NN lease structure with the landlord responsible for roof, structure, parking lot, and partial insurance, while the tenant is responsible for taxes, partial insurance, and CAM. The current lease expires January 31, 2028, with approximately 2 years remaining. There is one 5-year option with a rent increase from $8.75 PSF to $10 PSF, which would increase the NOI to $90,000 and the cap rate to 9.42%. The property is corporately guaranteed by Dollar Tree, a Fortune 200 company with over 16,000 locations nationwide.
Investment highlights
- Corporate Guarantee - Backed by Dollar Tree, a Fortune 200 company with over 16,000 locations nationwide
- Affordable Rent - Below-market lease rate minimizes downside risk and enhances future upside potential
- Prime Retail Location - Situated on a main shopping corridor in International Falls
- Border Trade and Tourism Hub - Located near the U.S.-Canada border, benefiting from cross-border shoppers and regional visitors
- Short-Term Lease with Upside - Just under 2 years remaining, providing an opportunity for lease renewal at market rates or redevelopment
- Essential Retailer - Dollar Tree is a recession-resistant, necessity-based tenant with consistent customer demand
- Limited Competition - Serves as a key discount retailer in a trade area with few national competitors
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
