Dollar Tree | 8.25% Return on IG Credit
12,500 SF with 2020 Roof Replacement
Investment highlights
LOW RENT & PRICE POINT WITH ATTRACTIVE 8.25% RETURN
This Dollar Tree has a lower rent & price point of $1.4M and an attractive 8.25% return on investment grade credit.
INVESTMENT GRADE TENANT
• Dollar Tree is a publicly traded (NASDAQ: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• The company operates more than 9,000 Dollar Tree stores across the United States and Canada, making it one of North America’s largest discount retailers.
NEWLY RENOVATED DOLLAR TREE
• The subject property is a newly renovated 12,500 SF Dollar Tree. The store is open and rent commenced in July 2025.
• The roof was replaced in 2020.
10-YEAR CORPORATE LEASE
• Dollar Tree signed a new 10-year corporate guaranteed NN Lease.
• Tenant is responsible for routine maintenance and repairs of parking lot including resealing, resurfacing, restriping, and sweeping, HVAC, landscaping maintenance, taxes, Insurance, utilities.
• There are limited Landlord responsibilities which include roof, structure and parking lot replacement.
• The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods.
POSITIONED ON HIGHWAY 189 (12,436 VPD) IN GREENVILLE, KY
• The subject property is located on Highway 189 that supports 12,436 vehicles per day.
• Nearby National Retailers include Kroger, a Walmart Super Center, Tractor Supply, McDonalds, and more.
• This Dollar Tree is surrounded by multiple schools with a total of 2,582 students and 163 faculty members.
• Greenville is the county seat of Muhlenberg County, serving as the primary commercial, healthcare, and governmental hub for the surrounding rural trade area.
• Located approximately 35 miles south of Owensboro and 70 miles northwest of Bowling Green, providing convenient access to major regional markets.
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