Discount
Family Dollar | Recent Lease Extension
126469 Lakeland Ave S, Webster, WI 54893
Listing Price: $1,017,000
Investment Overview
LOW RENT & PRICE POINT
• The subject property has a low rent which equates to a low price point of $1,017,000.
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.
• Family Dollar exercised their first option period in July 2023 which extended the lease through June 2028 and increased the rent 10%.
• There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension and rent increase speak to Family Dollar'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 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.
NEAR MINNEAPOLIS – SAINT PAUL | CAPITAL OF MN
• Webster is located 1.5 hours north of Minneapolis – Saint Paul.
• Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota
• The area is Minnesota's economic, cultural, and political center and is commonly known as the Twin Cities.
• The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters including United Health Group, Target, Best Buy and more.
• The Twin Cities' economy is the nation's 13th-largest and ranks second in the Midwest after Chicago.
Investment Highlights
- Low Tent & Price Point
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
- Near Minneapolis- Saint Paul | Capital Of MN
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
Listing Price: $1,017,000
Investment Highlights
- Low Tent & Price Point
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
- Near Minneapolis- Saint Paul | Capital Of MN
Investment Overview
LOW RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1,017,000. 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. • Family Dollar exercised their first option period in July 2023 which extended the lease through June 2028 and increased the rent 10%. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension and rent increase speak to Family Dollar'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 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. NEAR MINNEAPOLIS – SAINT PAUL | CAPITAL OF MN • Webster is located 1.5 hours north of Minneapolis – Saint Paul. • Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota • The area is Minnesota's economic, cultural, and political center and is commonly known as the Twin Cities. • The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters including United Health Group, Target, Best Buy and more. • The Twin Cities' economy is the nation's 13th-largest and ranks second in the Midwest after Chicago.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager