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Miscellaneous

Dollar Tree (sublet from Walgreens)

800 Lincoln Hwy E, Coatesville, PA 19320

Listing Price: $3,050,000

Cap Rate
6.85%
Tenant Name
Dollar Tree (Walgreens)
Years Remaining On Lease
62.2
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$206.08
Lease Type
Absolute Net
Rent Per Square Feet
$14.12

Investment Overview

Marcus & Millichap is please to offer sale a fee simple ground lease to the Walgreens corporation. Walgreens is currently sub leasing the building to Dollar Tree, one of the largest discount dollar stores in the country. Walgreens currently has 12 years firm remaining on the lease with a right to terminate every 5 years thereafter until 2086. Dollar Tree has occupies the building since 2022. it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.

Investment Highlights

  • Absolute Net Ground Lease No Landlord Responsibility
  • 10% Rent Increases Every 10 Years
  • 12 Years Left on Initial Term
  • Corporate Walgreens Lease Guarantee
  • Coatesville is Located in Chester County, Pennsylvania, the Highest- Income County and One of the Fastest Growing in the State.
  • Average Household Income Exceeds $101,000
  • Population Exceeds 71,000 within 5 Miles
  • 26 Miles to Wilmington, Delaware, 41 Miles to Philadelphia International Airport, 43 Miles to Philadelphia

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Miscellaneous

Dollar Tree (sublet from Walgreens)

Listing Price: $3,050,000

Cap Rate
6.85%
Tenant Name
Dollar Tree (Walgreens)
Years Remaining On Lease
62.2
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$206.08
Lease Type
Absolute Net
Rent Per Square Feet
$14.12

Investment Highlights

  • Absolute Net Ground Lease No Landlord Responsibility
  • 10% Rent Increases Every 10 Years
  • 12 Years Left on Initial Term
  • Corporate Walgreens Lease Guarantee
  • Coatesville is Located in Chester County, Pennsylvania, the Highest- Income County and One of the Fastest Growing in the State.
  • Average Household Income Exceeds $101,000
  • Population Exceeds 71,000 within 5 Miles
  • 26 Miles to Wilmington, Delaware, 41 Miles to Philadelphia International Airport, 43 Miles to Philadelphia

Investment Overview

Marcus & Millichap is please to offer sale a fee simple ground lease to the Walgreens corporation. Walgreens is currently sub leasing the building to Dollar Tree, one of the largest discount dollar stores in the country. Walgreens currently has 12 years firm remaining on the lease with a right to terminate every 5 years thereafter until 2086. Dollar Tree has occupies the building since 2022. it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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