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Dollar Tree

1455 N Acres Rd, Prescott, WI 54021

Listing Price: $2,036,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
10,004
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.25

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Prescott, Wisconsin.

The 10,004 square foot building is positioned on about 1.07 acres of frontage along North Acres Road. U.S. Highway 10 runs directly in front of the property and is the main thoroughfare in Prescott. Prescott is 33 miles outside of Minneapolis, home to more than 425,000 people.

Dollar Tree signed an original ten year lease, that is estimated to commence on October 15, 2024, which leaves a future investor with a full lease term. Dollar Tree’s lease is classified as modified triple net, with the Landlord being responsible for the roof and structure. There are four, five-year renewal options with rent increases in each option, providing rent growth and a hedge against future inflation.

Dollar Tree has more than 15,280 locations and is publicly traded on the New York Stock Exchange under the ticker symbol “DLTR”.

Investment Highlights

  • Brand-New 2024 Build-to-Suit Construction
  • Estimated Delivery of June 17, 2024 | Lease Commences on the Earlier of 120 Days from the Delivery Date or the Date the Tenant Opens
  • Full 10-Year Lease Term
  • Modified Triple Net Lease | Landlord Responsible for the Roof & Structure
  • Four, Five-Year Renewal Options Available
  • Rent Increases in each of the Four, Five-Year Renewal Options Providing Rent Growth & Hedge Against Future Inflation

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $2,036,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
10,004
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.25

Investment Highlights

  • Brand-New 2024 Build-to-Suit Construction
  • Estimated Delivery of June 17, 2024 | Lease Commences on the Earlier of 120 Days from the Delivery Date or the Date the Tenant Opens
  • Full 10-Year Lease Term
  • Modified Triple Net Lease | Landlord Responsible for the Roof & Structure
  • Four, Five-Year Renewal Options Available
  • Rent Increases in each of the Four, Five-Year Renewal Options Providing Rent Growth & Hedge Against Future Inflation

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Prescott, Wisconsin. The 10,004 square foot building is positioned on about 1.07 acres of frontage along North Acres Road. U.S. Highway 10 runs directly in front of the property and is the main thoroughfare in Prescott. Prescott is 33 miles outside of Minneapolis, home to more than 425,000 people. Dollar Tree signed an original ten year lease, that is estimated to commence on October 15, 2024, which leaves a future investor with a full lease term. Dollar Tree’s lease is classified as modified triple net, with the Landlord being responsible for the roof and structure. There are four, five-year renewal options with rent increases in each option, providing rent growth and a hedge against future inflation. Dollar Tree has more than 15,280 locations and is publicly traded on the New York Stock Exchange under the ticker symbol “DLTR”.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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