Corporate Dollar Tree (DLTR) | Prime Signalized Corner
NN+ Lease | 7.50% Cap Rate
Marketing description
AMC Real Estate Investment Services is pleased to present the fee-simple sale of a Dollar Tree in Lansing, Michigan, featuring a tenant with a 10-year operating history that recently extended its lease for an additional five years, with minimal landlord responsibilities as the tenant covers taxes, insurance, parking lot, HVAC, landscaping, and snow removal; the property sits on a signalized intersection visible to over 20,000 vehicles per day on a large 1.85-acre lot with 70 parking spaces, located 2 miles from I-96 (43,000+ VPD) and 2.5 miles from I-496 (60,000+ VPD) with close proximity to multiple GM factories, the Meijer distribution complex, the Michigan State Capitol, and Michigan State University, and is offered at a low $85.86/SF while currently leased at a below-market $6.44/SF, delivering passive, management-light income with rental upside in an established Lansing trade area.
Investment highlights
- Dollar Tree has a 10-Year Operating History and just Extended their Lease for an additional 5 years
- Tenant is responsible for Taxes, Insurance, Parking Lot, HVAC, Landscaping and Snow Removal
- Site is located within close proximity to multiple GM Factories, Meijer Distribution Complex, the Capitol of Michigan and Michigan State University
- Offered at a low $85.86/SF and current leased at a below market $6.44/SF
- Site is located on a signalized Intersection Visible to over 20,000 Vehicles Per Day
- Conveniently located 2 Miles from I-96 (43K+ Vehicles Per Day)
- Conveniently located 2.5 Miles from I-496 (60K+ Vehicles Per Day)
- Large Lot 1.85 Acres with Ample Parking – 70 Spaces
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