Investment Overview

LOW RENT & PRICE POINT • This Dollar Tree has a lower rent of $90,000 ($7.84/SF) which equates to a lower price point compared to the majority of new Dollar Trees. NEAR NASHVILLE | CAPITAL OF TN • Shelbyville is located 1 hour south of downtown Nashville off Interstate 24 (56,189 VPD) • Nashville is the capital and most populous city of the U.S. state of Tennessee, as well as the seat of Davidson County. • Located on the Cumberland River, the city is the center of the Nashville metropolitan area, and is one of the fastest growing in the nation • A major center for the music industry, especially country music, Nashville is commonly known as “Music City”. • Nashville is home to three major professional sports teams, the Predators, Titans, and Nashville SC. • The city is also the home of many colleges and universities including Tennessee State University, Vanderbilt University, Belmont University, Fisk University, Trevecca Nazarene University, and Lipscomb University. HIGHWAY 231 (19,328 VPD) • This Dollar Tree is located on Hwy 231 which sees 19,328 VPD. Hwy 231 is the main highway that connects Shelbyville to Murfreesboro and Nashville. • Chick-fil-a recently opened a location on Hwy 231 only 1 mile from this Dollar Tree. SHELBYVILLE, TN | 5 MILE POP GROWTH: 15% • Shelbyville is located halfway between Chattanooga, TN and Nashville, TN and is the county seat of Bedford County • The 5 mile population is 29,141 with 15.36% growth and an average household income of $62,859. • The town is a hub of the Tennessee Walking Horse industry and has been nicknamed “The Walking Horse Capital of the World” • Tyson Foods facility is located directly behind this Dollar Tree and employs over 300 people. Other major business operations in Shelbyville include Calsonic Kansei, Newell Rubbermaid, Cebal America, and a Walmart distribution center. • Nearby national retailers include Lowe’s Home Improvement, Kroger, Food Lion, Goodwill and more. NEWLY RENOVATED DOLLAR TREE | 10-YEAR CORPORATE NN LEASE • The subject property is a newly renovated 11,506 SF Dollar Tree. The store opens and rent commences in January 2024. • Brand new 10-year corporate guaranteed NN Lease with Dollar Tree. • Dollar Tree invested $450K into the interior remodel demonstrating their confidence and dedication to this market. • Tenant is responsible for Parking lot Maintenance (repair, striping, sealing, etc), taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof, Structure and Parking Lot replacement. The roof was replaced in the last 3 years. • The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB-. • Dollar Tree/Family Dollar operates 23,000+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion