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Family Dollar Tree | Signalized Intersection (23K VPD)

188 Northside Dr, Newton, MS 39345

Listing Price: $1,411,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Overview

8-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is 2021 construction Family Dollar Tree located in Newton, MS.
• This store opened and rent commenced in August 2021.
• There are 8 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.
• Landlord responsibilities include Parking Lot Replacement, Roof & Structure.

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 and is expanding by 600 stores each year.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

LOCATED AT SIGNALIZED INTERSECTION (23,000 VPD) & DIRECTLY OFF INTERSTATE 20
• This Family Dollar Tree is located on a corner lot at the signalized intersection of Hwy 15 (13,000 VPD) & Hwy 85 (10,000 VPD)
• Positioned directly off Interstate 20 (23,000 VPD). I-20 connects Newton to Jackson & Meridian, MS.

POSITIONED BETWEEN JACKSON (CAPITAL OF MS) & MERIDIAN, MS
• Newton is located off Interstate 20, 1 hour east of Jackson and 25 minutes west of Meridian, MSA.
• Jackson is the capital and is the most populous city in the state of Mississippi. With a 2020 population of nearly 600,000, metropolitan Jackson is home to over one-fifth of Mississippi's population.
• In 2020, the Jackson metropolitan area held a GDP of 30 billion dollars, accounting for 29% of the state's total GDP of 104.1 billion dollars
• Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area.
• Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities.

Investment Highlights

  • 8-Year Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant
  • Located At Signalized Intersection (23,000 VPD) & Directly Off Interstate 20
  • Positioned Between Jackson (Capital Of MS) & Meridian, MS

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Discount

Family Dollar Tree | Signalized Intersection (23K VPD)

Listing Price: $1,411,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Highlights

  • 8-Year Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant
  • Located At Signalized Intersection (23,000 VPD) & Directly Off Interstate 20
  • Positioned Between Jackson (Capital Of MS) & Meridian, MS

Investment Overview

8-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is 2021 construction Family Dollar Tree located in Newton, MS. • This store opened and rent commenced in August 2021. • There are 8 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. • Landlord responsibilities include Parking Lot Replacement, Roof & Structure. 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 and is expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion LOCATED AT SIGNALIZED INTERSECTION (23,000 VPD) & DIRECTLY OFF INTERSTATE 20 • This Family Dollar Tree is located on a corner lot at the signalized intersection of Hwy 15 (13,000 VPD) & Hwy 85 (10,000 VPD) • Positioned directly off Interstate 20 (23,000 VPD). I-20 connects Newton to Jackson & Meridian, MS. POSITIONED BETWEEN JACKSON (CAPITAL OF MS) & MERIDIAN, MS • Newton is located off Interstate 20, 1 hour east of Jackson and 25 minutes west of Meridian, MSA. • Jackson is the capital and is the most populous city in the state of Mississippi. With a 2020 population of nearly 600,000, metropolitan Jackson is home to over one-fifth of Mississippi's population. • In 2020, the Jackson metropolitan area held a GDP of 30 billion dollars, accounting for 29% of the state's total GDP of 104.1 billion dollars • Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area. • Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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