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Dollar Tree | 10 Yr Lease | New Construction | Retail Corridor

25 Water St, Savannah, TN 38372

Listing Price: $1,890,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$12.60

Investment Overview

BRAND NEW CONSTRUCTION TN DOLLAR TREE
• The subject property is a new construction 10,500 SF Dollar Tree located in Savannah, TN.
• The store is currently under construction and is scheduled to deliver in February 2024.

MAIN RETAIL CORRIDOR
• The subject property is located in downtown Savannah on Florence Rd (9,683 VPD) and is directly off Hwy 64 (18,288 VPD)
• Surrounding national retailers include Lowe’s Home Improvement, Kroger, Tractor Supply, Harbor Freight Tools, and more.

SAVANNAH, TN
• Savannah is located on the east side of the Tennessee River and is the county seat of Hardin County.
• The Tennessee River is an important part of the Great Loop, the recreational circumnavigation of Eastern North America by water. It provides passage for more an 13,000 recreational craft each year.
• Savannah-Hardin County Airport supports nearly 10,000 aircraft operations per year.
• Home to Hardin Medical Center which has 73 beds and 398 employees.

NEW 10-YEAR CORPORATE LEASE
• Brand new 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking lot Maintenance (repair, striping, sealing, etc), taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof, Structure and Parking Lot replacement
• The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB-.
• Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian province and are expanding by 600 stores each year.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

Investment Highlights

  • Brand New Construction TN Dollar Tree
  • Main Retail Corridor
  • Savannah, TN
  • New 10-Year Corporate Lease
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Discount

Dollar Tree | 10 Yr Lease | New Construction | Retail Corridor

Listing Price: $1,890,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$12.60

Investment Highlights

  • Brand New Construction TN Dollar Tree
  • Main Retail Corridor
  • Savannah, TN
  • New 10-Year Corporate Lease
  • Investment Grade Tenant

Investment Overview

BRAND NEW CONSTRUCTION TN DOLLAR TREE • The subject property is a new construction 10,500 SF Dollar Tree located in Savannah, TN. • The store is currently under construction and is scheduled to deliver in February 2024. MAIN RETAIL CORRIDOR • The subject property is located in downtown Savannah on Florence Rd (9,683 VPD) and is directly off Hwy 64 (18,288 VPD) • Surrounding national retailers include Lowe’s Home Improvement, Kroger, Tractor Supply, Harbor Freight Tools, and more. SAVANNAH, TN • Savannah is located on the east side of the Tennessee River and is the county seat of Hardin County. • The Tennessee River is an important part of the Great Loop, the recreational circumnavigation of Eastern North America by water. It provides passage for more an 13,000 recreational craft each year. • Savannah-Hardin County Airport supports nearly 10,000 aircraft operations per year. • Home to Hardin Medical Center which has 73 beds and 398 employees. NEW 10-YEAR CORPORATE LEASE • Brand new 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for Parking lot Maintenance (repair, striping, sealing, etc), taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof, Structure and Parking Lot replacement • The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB-. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian province and are expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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