Investment Overview

Marcus & Millichap is pleased to present this single tenant Dollar Tree property located in Washington, IL, a Peoria suburb. The 9,000 square foot building was constructed on the pad of Menard’s in 2017, with approximately five years remaining on a ten year lease. The lease is corporately guaranteed by Dollar Tree, which has an investment grade “BBB” Credit Rating by Standard & Poor’s. The lease is double net, therefore the landlord is responsible for the roof, structural components of the building and repairs or replacement of the parking lot, while the tenant is responsible for seasonal CAM expenses including lawn and snow plowing. The tenant pays a monthly contribution towards taxes and insurance. There are $.50 per square foot rent increases in each of the three, five-year options. Dollar Tree, adjacent to Aldi, has excellent exposure along McClugage Road (Bus. 24 Hwy.) and is across from the Walmart entrance. Nearby are Cato, Urgent Care, Great Clips. One quarter mile east is Cherry Tree Shopping center anchored by Kroger and Big R with Dunkin Donuts on the pad.