Investment Overview

Marcus & Millichap is pleased to exclusively present this Dollar Tree store, a 13,128 square foot free-standing retail property in Peachtree City, Georgia on the southwestern edge of the Atlanta Metropolitan Area. The subject property is a renovation construction recently completed in July 2021. This single-tenant fee simple offering is under a corporately guaranteed 10-year Double Net (NN) lease with three, five-year renewal options and an average of 4.55% rent increases every five years at commencement of each renewal period. Dollar Tree (NASDAQ: DLTR), a Fortune 500 company with an investment grade BBB rating from Standard & Poor’s, opened 197 new stores in the 3rd Quarter Fiscal 2023 and now operates over 16,600 stores across 48 contiguous US states and 5 Canadian provinces. Situated prominently on a 2.25-acre parcel on Georgia Highway 54 West near the crossroad of South Peachtree Parkway, this Dollar Tree store has excellent visibility to 27,500 vehicles per day. The area reflects outstanding demographics with the 5-mile population over 60,000 and average annual household income of $148,000. Commercial property fundamentals are strong with CoStar reporting a submarket vacancy of only 3.6% for retail properties and 5.6% rent growth over the past 12 months. Peachtree City is an award-winning master-planned community located off Interstate 85 in western Fayette County in the southern metro Atlanta area and just a 25-minute drive to Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport. Noted for extensive use of golf carts owned by over 10,000 households, the city has over 100 miles of paved multi-use golf cart paths connecting its residents and visitors to shopping, dining, resort-styled conference centers, golf, and other recreation. Peachtree City’s five distinct Villages are filled with locally-owned boutiques and national chains, along with premier dining experiences featuring almost every cuisine imaginable.