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Dollar Tree

3131 N Broadway Dr, Fargo, ND 58102

Listing Price: $2,103,703

Cap Rate
6.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.95

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Fargo, North Dakota.

The 10,000 square foot building is located on the corner of 32nd Avenue North and Broadway North, with excellent visibility and easy accessibility. The building sits almost adjacent to the Hector International Airport, which sees over 900,000 passengers annually. The building sits in close proximity to the North Dakota State University campus, which has an enrollment over more than 9,900 students.

The building is currently being built, with estimated delivery scheduled for December 1, 2023. The lease is scheduled to commence on April 1, 2024, leaving a full 10-year lease term. The rent is flat with the first,
five-year renewal option, however there are scheduled rent increases in the remaining four, five-year options.

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.

Investment Highlights

  • Brand-New 2023 Build-to-Suit Construction
  • 1.5 Miles from North Dakota State University Campus (9,900+ Enrollment)
  • Three Miles from the Hector International Airport (908k Passengers Annually)
  • Estimated Delivery 12/1/2023

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Listing Price: $2,103,703

Cap Rate
6.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.95

Investment Highlights

  • Brand-New 2023 Build-to-Suit Construction
  • 1.5 Miles from North Dakota State University Campus (9,900+ Enrollment)
  • Three Miles from the Hector International Airport (908k Passengers Annually)
  • Estimated Delivery 12/1/2023

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Fargo, North Dakota. The 10,000 square foot building is located on the corner of 32nd Avenue North and Broadway North, with excellent visibility and easy accessibility. The building sits almost adjacent to the Hector International Airport, which sees over 900,000 passengers annually. The building sits in close proximity to the North Dakota State University campus, which has an enrollment over more than 9,900 students. The building is currently being built, with estimated delivery scheduled for December 1, 2023. The lease is scheduled to commence on April 1, 2024, leaving a full 10-year lease term. The rent is flat with the first, five-year renewal option, however there are scheduled rent increases in the remaining four, five-year options. 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.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

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