1777 LA-121, Hineston, LA 71438

INVESTMENT OFFERING:

Saurage Rotenberg is pleased to present this built to suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Hineston, LA. The property is encumbered with a ten (10) year double net lease, leaving a minimal landlord responsibilities. The lease contains five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of "BBB-" which is classified as investment grade.

This store is highly visible as it is strategically positioned in the heart of Hineston. The store is directly situated off Hwy. 121 which sees over 2,557 cars per day. The five mile population is 2,649 with a five mile average household income in excess of $70,596.

This investment will offer a new owner success due to the financial strenth and the proven profitability of the tenant, one of the nation's top dollar stores. List price reflects a 7.25% cap rate based on NOI of $105,000.

INVESTMENT SUMMARY:

List Price: $1,450,000.00

Current NOI: $105,000.00

Initial Cap Rate: 7.25%

Land Acreage: 1.70

Year Built: 2024

Building Size: 10,500

Price Per SF: $138.00

Lease Type: NN

Lease Term: 10 Yr

INVESTMENT HIGHLIGHTS:

New Dual Tenant Concept | Brand New Lease

Combo Stores See 20% Increase in Revenue

2,557 Traffic Count of Hwy. 121

10 Yr NN Lease Requiring Minimal Landlord Responsibilities

Five- (5 Yr) Options | $0.50 Rental Rate Increase

Investment Credit Tenant | Standard & Poor's: 'BBB-'

Three Mile Average Household Income of $68,484

FINANCIAL INCOME SUMMARY:

Rent: $105,000.00 (PSF: $10)

Gross Income: $105,000.00 (PSF: $10)

LEASE SUMMARY:

Tenant: Dollar Tree/Family Dollar

Lease Type: NN

Primary Lease Term: 10 Yr

Annual Rent: $105,000.00

Rent PSF: $10.00

Roof, Structure & Parking: Landlord Responsibility

Taxes, Insurance & CAM: Tenant Responsibility

Lease Start Date: 6/1/2024

Lease End Date: 5/31/2034

Lease Term Remaining: 10 yr

Rent Bumps: In Options ($0.50 P/Ft)

Renewal Options: 5- (5 Years)

Lease Guarantor: Dollar Tree Corp

Lease Guarantor Strength: BBB-

Tenant Website: DollarTree.com

TENANT HIGHLIGHTS:

$22.5+ Billion Market Capital in 2020

Same Store Sales Increases 4.4% in 2019

Ranked #134 on Fortune 500 in 2020

Recently Opened its 15,200th store in the USA Boasts a staggering TTM revenue exceeding $24 billion

DOLLAR TREE

Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the ?xed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise.

This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. A Fortune 500 Company, Dollar Tree is headquartered in Chesapeake, Virginia and was founded in 1953. The name of the company Only $1.00 was changed to Dollar Tree Stores in 1993 and, shortly thereafter, in 1995, the company went public with a market value of $225 million. Today, Dollar Tree is a $20+ billion dollar company and a premier operator in its industry.

Company: Dollar Tree

Founded: 1986

Total Revenue: 22.25B

Net Income: 1.714B

Headquarters: Chesapeake, Virginia

Website: www.DollarTree.com

DTFD: Gross Sales: $22.25B

DTRD: Store Count: 15,000+

DTFD: Guarantor: Dollar Tree

DTFD: S&P BBB-