Discount
Family Dollar | Recent Lease Extension
8635 North Route 300 West, Lake Villiage (Chicago MSA), IN 46349
Listing Price: $1,022,000
Investment Overview
LOWER RENT & PRICE POINT
• The subject property has a low rent which equates to a low price point of $1,022,000.
RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE
• This Family Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years.
• Dollar Tree exercised their first option period and increased the rent in July 2023 which extended the lease through June 2028.
• There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This lease extension & rent increase speaks to Dollar Tree's confidence and dedication to this market & location.
• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include only Roof & Structure.
• There are 10% rent increases in each of the remaining four, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
CHICAGO MSA | LARGEST CITY IN IL
• Lake Village is located an hour south of Chicago on Highway 41 and is a part of the MSA.
• Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million.
• Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more.
• Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more.
• Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more.
• Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year
Investment Highlights
- Lower Rent & Price Point
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
- Chicago MSA | Largest City In IL
Exclusively Listed By
Broker of Record
Financing By
Discount
Family Dollar | Recent Lease Extension
Listing Price: $1,022,000
Investment Highlights
- Lower Rent & Price Point
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
- Chicago MSA | Largest City In IL
Investment Overview
LOWER RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1,022,000. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years. • Dollar Tree exercised their first option period and increased the rent in July 2023 which extended the lease through June 2028. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This lease extension & rent increase speaks to Dollar Tree's confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include only Roof & Structure. • There are 10% rent increases in each of the remaining four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion. CHICAGO MSA | LARGEST CITY IN IL • Lake Village is located an hour south of Chicago on Highway 41 and is a part of the MSA. • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million. • Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more. • Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more. • Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more. • Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By
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