Skip to main content

Discount

Family Dollar Tree | Low Rent & Price Point

1218 28th St, Belleville, KS 66935

Listing Price: $1,247,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$9.50

Investment Overview

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
• This property has a lower rent & price point of $1.2M and has an attractive 8.00% return which is unique for investment grade credit in this market.

7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Belleville, KS.
• This store opened and rent commenced in September 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• There are 10% rent increases 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 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

NEAR JUNCTION CITY, KS & FORT RILEY
• Belleville is located in North KS about 1.5 hours north of Junction city & Fort Riley.
• Junction City is the county seat of Geary County and is home to Fort Riley
• Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post
• Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness.
• For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion
• National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.

Investment Highlights

  • Lower Rent & Price Point With Attractive 8.00% Return
  • 7.5 Year Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant
  • Near Junction City, KS & Fort Riley

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 | Low Rent & Price Point

Listing Price: $1,247,000

Cap Rate
8.00%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$9.50

Investment Highlights

  • Lower Rent & Price Point With Attractive 8.00% Return
  • 7.5 Year Corporate NN Lease With Dollar Tree
  • Investment Grade Tenant
  • Near Junction City, KS & Fort Riley

Investment Overview

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN • This property has a lower rent & price point of $1.2M and has an attractive 8.00% return which is unique for investment grade credit in this market. 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is a 2021 construction Family Dollar Tree located in Belleville, KS. • This store opened and rent commenced in September 2021. • There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes. • There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement. • There are 10% rent increases 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 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 NEAR JUNCTION CITY, KS & FORT RILEY • Belleville is located in North KS about 1.5 hours north of Junction city & Fort Riley. • Junction City is the county seat of Geary County and is home to Fort Riley • Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post • Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness. • For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion • National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

MM Texture Background
MM Textured Background Lower