Investment Overview

Marcus & Millichap is pleased to present for sale this net-leased Family Dollar | Dollar Tree dual concept store located at 475 Armco Road in Ashland, Kentucky. The freestanding single-tenant property consists of a 23,416 Sq.Ft building and is situated on a 2.55-acre parcel of land. This Family Dollar | Dollar Tree store is highly visible from Winchester Avenue, a main thoroughfare, which sees vehicle counts in excess of 21,483 per day. The property also sits within the area’s main retail corridor which is home to Walmart Supercenter, Dick’s Sporting Goods, TJ Maxx, Panera Bread, Chick- Fil-A, Outback Steakhouse, Advanced Auto Parts, Texas Roadhouse, AutoZone, Arby’s, Sonic, Starbucks, and numerous other National and Regional retailers. The tenant recently executed a brand new 10-year lease with minimal landlord responsibilities and 3 five-year options to renew. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of “BBB-”, and is classified as Investment Grade. Dollar Tree, Inc. is a Fortune 200 Company and a leading operator of discount variety stores that have served North America for more than 30 years. Dollar Tree Corporation is headquartered in Chesapeake, Virginia and operates 15,500 stores in 48 states and 5 Canadian Provinces. Dollar Tree, Inc. employs over 193,000 associates and operates under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.