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Dollar Tree

6933 S State Rd 67, Pendleton, IN 46064

Listing Price: $2,177,000

Cap Rate
6.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$14.00

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located
in Pendleton, IN.

The 10,500 square foot building is being built-to-suit for Dollar
Tree and is positioned on about 1.23 acres. The building has
direct access and excellent exposure to Indiana State Road 67,
which is a two-lane highway that stretches from the north of
Muncie down to Vincennes. There is minimal grocery store and
discount store competition nearby.

Dollar Tree signed an original ten year lease that is estimated to
commence on May 13, 2024 and set to expire on April 30, 2034.
This leaves a full ten-year term for the investment community.
There are four, five-year renewal options available, each of
which having a rent increase providing a hedge in an
inflationary environment. The lease is considered double net,
with the landlord responsible for the roof and structure.

Dollar Tree was founded in 1986 and in 34 years has grown to
more than 16,340 locations across 48 states and Canada. The
tenant continues its impressive earnings and growth with
consolidated net sales having increased to $30.7 billion in 2023.

Investment Highlights

  • Brand-New 2024 Build-to-Suit Construction
  • Full Term Remaining | Estimated Rent Commencement 5/13/2024 | Original 10-Year Lease Set to Expire 4/30/2034
  • Excellent Visibility Positioned Directly off State Road 67 Near the Intersect of SR 67 and Interstate 38
  • Double Net Lease | Landlord Responsible for the Roof and Structure
  • Four, Five-Year Renewal Options | Rent Increases in Each of the Options After the First Option Period
  • Dollar Tree Earnings Per Share up 1.5 Percent¦Same Store Sales up 8.7 Percent
  • Consolidated Net Sales Increased to $30.7 Billion in 2023
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-" | 16,340+ Locations in 48 States

Exclusively Listed By

Listing Price: $2,177,000

Cap Rate
6.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$14.00

Investment Highlights

  • Brand-New 2024 Build-to-Suit Construction
  • Full Term Remaining | Estimated Rent Commencement 5/13/2024 | Original 10-Year Lease Set to Expire 4/30/2034
  • Excellent Visibility Positioned Directly off State Road 67 Near the Intersect of SR 67 and Interstate 38
  • Double Net Lease | Landlord Responsible for the Roof and Structure
  • Four, Five-Year Renewal Options | Rent Increases in Each of the Options After the First Option Period
  • Dollar Tree Earnings Per Share up 1.5 Percent¦Same Store Sales up 8.7 Percent
  • Consolidated Net Sales Increased to $30.7 Billion in 2023
  • Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-" | 16,340+ Locations in 48 States

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Pendleton, IN. The 10,500 square foot building is being built-to-suit for Dollar Tree and is positioned on about 1.23 acres. The building has direct access and excellent exposure to Indiana State Road 67, which is a two-lane highway that stretches from the north of Muncie down to Vincennes. There is minimal grocery store and discount store competition nearby. Dollar Tree signed an original ten year lease that is estimated to commence on May 13, 2024 and set to expire on April 30, 2034. This leaves a full ten-year term for the investment community. There are four, five-year renewal options available, each of which having a rent increase providing a hedge in an inflationary environment. The lease is considered double net, with the landlord responsible for the roof and structure. Dollar Tree was founded in 1986 and in 34 years has grown to more than 16,340 locations across 48 states and Canada. The tenant continues its impressive earnings and growth with consolidated net sales having increased to $30.7 billion in 2023.

Exclusively Listed By

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