Discount
Dollar Tree
1200 N Elm St, Jefferson, IA 50129
Listing Price: $1,919,000
Investment Overview
Marcus & Millichap is pleased to present the Dollar Tree located in Jefferson, Iowa.
The 10,000 square foot Dollar Tree store will be build-to-suit construction in 2023. The property is located right off of North Elm Street and is passed by nearly 6,000 vehicles every day. The location is positioned in a dense retail corridor including both national and local tenants. Retail traffic drivers include Fareway Meat and Grocery, Ace Hardware, Super 8 Hotel, Bomgaars, Hy-Vee Grocery Store, A&W Restaurant, Casa De Oro, and more.
Located less than a mile away is Wild Rose Casino and Hotel, which attracts both visitors and locals with its Las Vegas feel being offered in Rural Iowa. The 18,000 square foot casino has over 500 slot machines, table games, and a retail DraftKings Sportsbook. The table games include blackjack, roulette, and poker. At the DraftKings Sportsbook you can place pregame wagers and live bets on major sporting events and more, as well as place bets with the DraftKings app.
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, except for in the first option.
Dollar Tree was founded in 1986 and in 34 years has grown to more than 16,000 locations across 48 states and Canada. The tenant continues its impressive earnings and growth performance with an expected 650 stores opening in 2023. The company is publicly traded on the NASDAQ under the ticker “DLTR” and carries an investment credit rating of “BBB-” from S&P.
Dollar Tree
Investment Highlights
- Brand-New 2023 Build-to-Suit Construction ¦ Original Ten-Year Lease ¦ Full Term Remaining
- Dollar Tree Earnings Per Share up 1.5 Percent¦ Same Store Sales up 8.7 Percent
- Modified Triple Net Lease | Landlord Responsible for the Roof and Structure
- Five, Five-Year Renewal Options | Rent Increases in Each of the Options After the First Option Period
- Dollar Tree Plans to Open 650+ New Locations in 2023 | Almost 200 More than the 450+ the Company Opened in 2022
- Consolidated Net Sales Increased 7.6 Percent to $28.32 Billion During the 2022 Fiscal Year
- Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
Broker of Record
Listing Price: $1,919,000
Investment Highlights
- Brand-New 2023 Build-to-Suit Construction ¦ Original Ten-Year Lease ¦ Full Term Remaining
- Dollar Tree Earnings Per Share up 1.5 Percent¦ Same Store Sales up 8.7 Percent
- Modified Triple Net Lease | Landlord Responsible for the Roof and Structure
- Five, Five-Year Renewal Options | Rent Increases in Each of the Options After the First Option Period
- Dollar Tree Plans to Open 650+ New Locations in 2023 | Almost 200 More than the 450+ the Company Opened in 2022
- Consolidated Net Sales Increased 7.6 Percent to $28.32 Billion During the 2022 Fiscal Year
- Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
Investment Overview
Marcus & Millichap is pleased to present the Dollar Tree located in Jefferson, Iowa. The 10,000 square foot Dollar Tree store will be build-to-suit construction in 2023. The property is located right off of North Elm Street and is passed by nearly 6,000 vehicles every day. The location is positioned in a dense retail corridor including both national and local tenants. Retail traffic drivers include Fareway Meat and Grocery, Ace Hardware, Super 8 Hotel, Bomgaars, Hy-Vee Grocery Store, A&W Restaurant, Casa De Oro, and more. Located less than a mile away is Wild Rose Casino and Hotel, which attracts both visitors and locals with its Las Vegas feel being offered in Rural Iowa. The 18,000 square foot casino has over 500 slot machines, table games, and a retail DraftKings Sportsbook. The table games include blackjack, roulette, and poker. At the DraftKings Sportsbook you can place pregame wagers and live bets on major sporting events and more, as well as place bets with the DraftKings app. 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, except for in the first option. Dollar Tree was founded in 1986 and in 34 years has grown to more than 16,000 locations across 48 states and Canada. The tenant continues its impressive earnings and growth performance with an expected 650 stores opening in 2023. The company is publicly traded on the NASDAQ under the ticker “DLTR” and carries an investment credit rating of “BBB-” from S&P.
Broker of Record
