Discount
Dollar Tree | 14 Year Lease
727 S Main St, Lombard, IL 60148
Listing Price: $2,226,000
Investment Overview
AFFLUENT SUBURB OF CHICAGO | AVG HHI: $127,651
• This Dollar Tree is in Lombard, IL which is an affluent & dense suburb located 20 minutes west of downtown Chicago.
• The 5 mile population is 285,609 with an average household income of $127,651.
• 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.
NEAR PRIMARY RETAIL CORRIDOR WITH OVER 4M SF OF RETAIL WITHIN 1 MILE
• The subject property is 3 miles from a primary retail corridor with over 4 million SF of retail within 1 mile.
• National tenants include Target, Home Depot, Costco Wholesale, Walmart, Trader Joes, and more
DENSE RESIDENTIAL LOCATION NEAR TWO INTERSTATES (COMBINED 271,300 VPD)
• The subject property is located on South Main St (13,100 VPD) surrounded by 114,809 households within 5 miles.
• Interstate 355 (115,300 VPD) & Interstate 88 (156,000 VPD) are both located within 3 miles of this property.
• Within 1 mile of the subject property are 4 schools that serve the surrounding community of Lombard.
• These K-12 schools include Glenbard East High School (2,284 students), Willow Brook High School (1,931 students), College Prep School of America (417 students), and Madison Elementary (507 students).
RARE 14 YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• Dollar Tree has been operating at this location since 2013 and just extended their lease early for 10 additional years.
• This early lease renewal speaks to Dollar Trees confidence and dedication to this market & location.
• The lease expires in September 2038 so there are 14 years remaining on the corporate guaranteed lease with Dollar Tree.
• There are limited Landlord responsibilities which only include Roof & Structure.
• There are 10% rent increases in each of the remaining four, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree 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
- Affluent Suburb Of Chicago | AVG HHI: $127,651
- High Traffic Location Off An Interstate
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
Listing Price: $2,226,000
Investment Highlights
- Affluent Suburb Of Chicago | AVG HHI: $127,651
- High Traffic Location Off An Interstate
- Recently Extended Corporate NN Lease With Dollar Tree
- Investment Grade Tenant
Investment Overview
AFFLUENT SUBURB OF CHICAGO | AVG HHI: $127,651 • This Dollar Tree is in Lombard, IL which is an affluent & dense suburb located 20 minutes west of downtown Chicago. • The 5 mile population is 285,609 with an average household income of $127,651. • 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. NEAR PRIMARY RETAIL CORRIDOR WITH OVER 4M SF OF RETAIL WITHIN 1 MILE • The subject property is 3 miles from a primary retail corridor with over 4 million SF of retail within 1 mile. • National tenants include Target, Home Depot, Costco Wholesale, Walmart, Trader Joes, and more DENSE RESIDENTIAL LOCATION NEAR TWO INTERSTATES (COMBINED 271,300 VPD) • The subject property is located on South Main St (13,100 VPD) surrounded by 114,809 households within 5 miles. • Interstate 355 (115,300 VPD) & Interstate 88 (156,000 VPD) are both located within 3 miles of this property. • Within 1 mile of the subject property are 4 schools that serve the surrounding community of Lombard. • These K-12 schools include Glenbard East High School (2,284 students), Willow Brook High School (1,931 students), College Prep School of America (417 students), and Madison Elementary (507 students). RARE 14 YEAR CORPORATE NN LEASE WITH DOLLAR TREE • Dollar Tree has been operating at this location since 2013 and just extended their lease early for 10 additional years. • This early lease renewal speaks to Dollar Trees confidence and dedication to this market & location. • The lease expires in September 2038 so there are 14 years remaining on the corporate guaranteed lease with Dollar Tree. • There are limited Landlord responsibilities which only include Roof & Structure. • There are 10% rent increases in each of the remaining four, 5-year option periods. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree 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
-
Steven D. Weinstock
Senior Vice President/Regional Manager