Discount
Dollar Tree | Affulent Chicago Suburb
727 S Main St, Lombard, IL 60148
Listing Price: $1,938,000
Investment Overview
AFFULENT SUBURB OF CHICAGO | AVG HHI: $127,651
• This Dollar Tree is located in Lombard, IL which is an affluent & dense suburb of 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.
HIGH TRAFFIC LOCATON OFF AN INTERSTATE
• The subject property is located on South Main St (13,100 VPD) off Interstate 355 (115,300 VPD)
• 3 miles from a primary retail corridor with national tenants that include Home Depot, Costco Wholesale, Target, and more.
RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE
• This 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 in October 2023 which extended the lease through September 2028.
• There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.
• This extension speaks to Dollar Trees confidence and dedication to this market & location.
• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.
• 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
• 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
- 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: $1,938,000
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
AFFULENT SUBURB OF CHICAGO | AVG HHI: $127,651 • This Dollar Tree is located in Lombard, IL which is an affluent & dense suburb of 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. HIGH TRAFFIC LOCATON OFF AN INTERSTATE • The subject property is located on South Main St (13,100 VPD) off Interstate 355 (115,300 VPD) • 3 miles from a primary retail corridor with national tenants that include Home Depot, Costco Wholesale, Target, and more. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This 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 in October 2023 which extended the lease through September 2028. • There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension speaks to Dollar Trees confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • 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 • 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
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
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