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34504418
34504416

715 West Everly Brothers Boulevard, Greenville, KY 42345 For Sale

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,478,000
1 day on market
Updated 0 days ago

Dollar Tree | 8.25% Return on IG Credit

Details
Property Type Retail
Sub Type Dollar store, Discount store
Square Footage 12,500
Cap Rate 8.25%
NOI $121,875
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2025
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/30/2025
Ground Lease No

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.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,875.00
$10,156.25/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Grant Fitzgerald
License
KY 286261
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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