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Family Dollar Tree | 8.00% Return

1610 Military Ave, Baxter Springs, KS 66713

Listing Price: $1,307,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
10,611
Lease Type
Double Net
Rent Per Square Feet
$9.85

Investment Overview

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
• This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market.

NEAR JOPLIN | 5TH LARGEST MSA IN MO
• Baxter Springs is located 20 minutes west of downtown Joplin.
• Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri.
• Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri
• Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled.

1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES
• This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees.

7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS.
• This store opened and rent commenced in June 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• The rent increases $0.50 per square foot in each of the five, 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

Investment Highlights

  • Low Rent & Price Point
  • Attractive 8.00% Return
  • Investment Grade Tenant (S&P: BBB)
  • 7.5 Year Corporate Lease
  • Near Joplin 5th Largest MSA In Missouri
  • Additional Locations Available Upon Request

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Discount

Family Dollar Tree | 8.00% Return

Listing Price: $1,307,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
10,611
Lease Type
Double Net
Rent Per Square Feet
$9.85

Investment Highlights

  • Low Rent & Price Point
  • Attractive 8.00% Return
  • Investment Grade Tenant (S&P: BBB)
  • 7.5 Year Corporate Lease
  • Near Joplin 5th Largest MSA In Missouri
  • Additional Locations Available Upon Request

Investment Overview

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN • This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market. NEAR JOPLIN | 5TH LARGEST MSA IN MO • Baxter Springs is located 20 minutes west of downtown Joplin. • Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri. • Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri • Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled. 1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES • This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees. 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS. • This store opened and rent commenced in June 2021. • There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement. • The rent increases $0.50 per square foot in each of the five, 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

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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