Skip to main content

Discount

Family Dollar Dollar Tree

414 S 4th St, Abbotsford, WI 54405

Listing Price: $1,995,000

Cap Rate
6.50%
Tenant Name
Family Dollar Dollar Tree
Years Remaining On Lease
10.3
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$190.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.35

Investment Overview

Marcus & Millichap is pleased to present the Family Dollar Tree located in Abbotsford, WI. The 10,500 square foot Family Dollar Tree combination store will be build-to-suit construction in 2023 and is part of the company’s new format specifically targeted for small towns. It was initially tested in 30 markets, and because of the incredible feedback and performance, the company has identified 3,000 market for their “Two Great Stores, 1 Big Deal!” Family Dollar Tree currently operates over 250 locations with plans to open over 400 more in 2022. The Tenant signed an original 10-year lease with no early termination clauses leaving the full lease term remaining for an incoming investor. The lease is considered modified triple net, with the landlord being responsible for the roof and structure and the tenant reimbursing for all expenses including the common area maintenance, taxes, and property insurance. There are five, five-year renewal options available, each of which having a rent increase scheduled. Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states with plans to grow their store count by over 600 stores in 2021. The company is publicly traded on the NASDAQ under the ticker “DLTR” and carries an investment grade credit rating of “BBB-” from S&P. In its 1Q22 Quarterly Earnings Report, Dollar Tree reported record earnings per share and same store sales increase of 4.4%.

Investment Highlights

  • Brand-New 2023 Build-to-Suit Construction ¦ Original 10-Year Lease ¦ Full Term Remaining
  • New Concept Combination Store ¦ Specifically Formatted for Small-Town America ¦ Delivered Comp Sales of over 20%
  • Dollar Tree Earnings Per Share up 48.1%¦ Same Store Sales up 4.4%
  • Modified Triple Net Lease | Landlord Responsible for the Roof & Structure
  • Five, Five-Year Renewal Options | Rent Increases in Each of the Option Periods
  • Currently Operating 250+ Combo Store Locations | Plans to Open 400+ Locations in 2022
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Discount

Family Dollar Dollar Tree

Listing Price: $1,995,000

Cap Rate
6.50%
Tenant Name
Family Dollar Dollar Tree
Years Remaining On Lease
10.3
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$190.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.35

Investment Highlights

  • Brand-New 2023 Build-to-Suit Construction ¦ Original 10-Year Lease ¦ Full Term Remaining
  • New Concept Combination Store ¦ Specifically Formatted for Small-Town America ¦ Delivered Comp Sales of over 20%
  • Dollar Tree Earnings Per Share up 48.1%¦ Same Store Sales up 4.4%
  • Modified Triple Net Lease | Landlord Responsible for the Roof & Structure
  • Five, Five-Year Renewal Options | Rent Increases in Each of the Option Periods
  • Currently Operating 250+ Combo Store Locations | Plans to Open 400+ Locations in 2022
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"

Investment Overview

Marcus & Millichap is pleased to present the Family Dollar Tree located in Abbotsford, WI. The 10,500 square foot Family Dollar Tree combination store will be build-to-suit construction in 2023 and is part of the company’s new format specifically targeted for small towns. It was initially tested in 30 markets, and because of the incredible feedback and performance, the company has identified 3,000 market for their “Two Great Stores, 1 Big Deal!” Family Dollar Tree currently operates over 250 locations with plans to open over 400 more in 2022. The Tenant signed an original 10-year lease with no early termination clauses leaving the full lease term remaining for an incoming investor. The lease is considered modified triple net, with the landlord being responsible for the roof and structure and the tenant reimbursing for all expenses including the common area maintenance, taxes, and property insurance. There are five, five-year renewal options available, each of which having a rent increase scheduled. Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states with plans to grow their store count by over 600 stores in 2021. The company is publicly traded on the NASDAQ under the ticker “DLTR” and carries an investment grade credit rating of “BBB-” from S&P. In its 1Q22 Quarterly Earnings Report, Dollar Tree reported record earnings per share and same store sales increase of 4.4%.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

MM Texture Background
MM Textured Background Lower