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Dollar Tree

3604 Buffalo Rd, Wesleyville, PA 16510

Listing Price: $2,023,008

Cap Rate
5.85%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,325
Lease Type
Double Net
Rent Per Square Feet
$10.45

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for a Dollar Tree located at 3604 Buffalo Rd in Erie, Pennsylvania. The property consists of 11,325 square feet of building space and is situated on a 0.42-acre parcel. This investment is subject to an original 10-year double-net (NN) lease with 2 (Two) – 5 (Five) Year Options to Renew. The base rent is $118,346 and is subject to 10 percent rental escalations in each tenant renewal option. This is a corporate location and is guaranteed by Dollar Tree corporate (NASDAQ: DLTR), which has an investment grade credit rating (S&P BBB-, Stable). Tenant shall be entitled to extend the term of the lease for two successive periods of five years each. The lease in place is guaranteed by Dollar Tree Inc. Dollar Tree operates over 13,000 locations in 48 states with more than $22.82 Billion in sales. Dollar Tree is listed as the 135th ranked company on the fortune 500 list. On July 6,2015, Dollar Tree acquired Family Dollar. The combined organization operates more than 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $19 Billion Annually and over 145,000 associates.

Investment Highlights

  • Corporate Guarantee on a 5 Year Double-Net NN Lease with Two (2) – Five (5) Year Tenant Renewal Options – Bringing Potential Lease Term up to More than 15 Years
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
  • Corporate Guarantee

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $2,023,008

Cap Rate
5.85%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,325
Lease Type
Double Net
Rent Per Square Feet
$10.45

Investment Highlights

  • Corporate Guarantee on a 5 Year Double-Net NN Lease with Two (2) – Five (5) Year Tenant Renewal Options – Bringing Potential Lease Term up to More than 15 Years
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
  • Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for a Dollar Tree located at 3604 Buffalo Rd in Erie, Pennsylvania. The property consists of 11,325 square feet of building space and is situated on a 0.42-acre parcel. This investment is subject to an original 10-year double-net (NN) lease with 2 (Two) – 5 (Five) Year Options to Renew. The base rent is $118,346 and is subject to 10 percent rental escalations in each tenant renewal option. This is a corporate location and is guaranteed by Dollar Tree corporate (NASDAQ: DLTR), which has an investment grade credit rating (S&P BBB-, Stable). Tenant shall be entitled to extend the term of the lease for two successive periods of five years each. The lease in place is guaranteed by Dollar Tree Inc. Dollar Tree operates over 13,000 locations in 48 states with more than $22.82 Billion in sales. Dollar Tree is listed as the 135th ranked company on the fortune 500 list. On July 6,2015, Dollar Tree acquired Family Dollar. The combined organization operates more than 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $19 Billion Annually and over 145,000 associates.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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