Dollar Tree
For Sale
Marketing description
Dollar Tree at 2433 Ridge Road, Lansing, IL 60438 presents an attractive opportunity to acquire a newer-construction, single-tenant net leased retail asset in the Chicago metro. Built in 2016 to Dollar Tree’s modern prototype, this 10,000 SF freestanding store sits on approximately 1 acre in a dense, established retail corridor. The property is backed by a corporate guarantee from Dollar Tree Stores, Inc. and features more than 5 years of remaining term on a NN lease, providing stable in-place income with minimal landlord responsibilities.
Investors also benefit from three 5-year renewal options, each with $0.50 PSF rent increases, offering long-term upside and a built-in hedge against inflation. Located along Ridge Road near national retailers including Walgreens, Burger King, and AutoZone, the site enjoys strong visibility, steady consumer traffic, and over 359,000 annual visits.
The surrounding trade area is supported by exceptional demographics, with more than 220,000 residents and average household income above $86,000 within 5 miles. Additional advantages include a transferable 10-year roof warranty and a 12-year tax reduction designation, enhancing cash flow and tenant retention. This is a compelling passive investment in a resilient discount retail sector.
Investment highlights
- 5+ Years Remaining in NN Lease | Requires Minimal Landlord Responsibility
- New 2016 Construction Featuring Dollar Tree’s Modern Prototype Store | Site Averages 359K+ Visits Per Year (Placer.ai)
- Lease Supports Three (3), 5-Year Option Periods | Rent Escalations of $0.50 PSF Featured During Each Option Period
- Rent Increase Provides Investor with Hedge Against Inflation
- 10 Year Transferrable Roof Warranty Available Upon Sale
- Corporate Guarantee by Dollar Tree which Carries a “BB+” Rating
- Property Carries 12-Year Tax Reduction Designation | Reduces Tax Assessment to 10% for 10 Years, 15% in Year 11, and 20% in Year 12 | Creates a Strong Incentive to Stay at This Location
- Attractive Location in a Densely Populated Market with Strong Demographics for a Discount Retailer
- 5 Mile Population Surrounding the Investment Property Exceeds 232,500 | Average Household Income Exceeds $64,000 Within a 5 Mile Radius
- Neighbor Properties Include Walgreen’s, Burger King, AutoZone & More
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