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Family Dollar | Dollar Tree (South Dakota)

812 SD-46, Wagner, SD 57380

Listing Price: $1,400,000

Cap Rate
7.25%
Tenant Name
Family Dollar | Dollar Tree
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
11,600
Lease Type
Double Net
Rent Per Square Feet
$8.75

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the recently remodeled and expanded Family Dollar/Dollar Tree located along Highway 46 in Wagner, South Dakota. Family Dollar/Dollar Tree has continuously operated at this location for over 19 years and recently executed a fresh 10-year extension while adding an additional 3,400 SF to the existing structure demonstrating their long-term commitment to this location. In addition, the store was remodeled to reflect their newest “combo” prototype. In place is a favorable corporate guaranteed, double net lease expiring October 31st, 2032.

Investment Highlights

  • Recent Building Expansion and Remodel – in 2022, the Tenant An Additional 3,400 SF to Existing Structure While Reimaging to Family Dollar / Dollar Tree Combo Store
  • Long Term Commitment – in 2022 Tenant Executed a New 10 Year Lease Extension
  • Located Across the Street From Wagner High School, Wagner Middle School and Wagner Fire Station, Close Proximity to Wagner Community Memorial Hospital

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Financing By

Discount

Family Dollar | Dollar Tree (South Dakota)

Listing Price: $1,400,000

Cap Rate
7.25%
Tenant Name
Family Dollar | Dollar Tree
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
11,600
Lease Type
Double Net
Rent Per Square Feet
$8.75

Investment Highlights

  • Recent Building Expansion and Remodel – in 2022, the Tenant An Additional 3,400 SF to Existing Structure While Reimaging to Family Dollar / Dollar Tree Combo Store
  • Long Term Commitment – in 2022 Tenant Executed a New 10 Year Lease Extension
  • Located Across the Street From Wagner High School, Wagner Middle School and Wagner Fire Station, Close Proximity to Wagner Community Memorial Hospital

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the recently remodeled and expanded Family Dollar/Dollar Tree located along Highway 46 in Wagner, South Dakota. Family Dollar/Dollar Tree has continuously operated at this location for over 19 years and recently executed a fresh 10-year extension while adding an additional 3,400 SF to the existing structure demonstrating their long-term commitment to this location. In addition, the store was remodeled to reflect their newest “combo” prototype. In place is a favorable corporate guaranteed, double net lease expiring October 31st, 2032.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

Financing By

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