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Dollar Tree

110 IN-135, Trafalgar, IN 46181

Listing Price: $655,714

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.7
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$71.43
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Overview

4.68 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options with Rent Increases of $0.50 per Square Foot Every Five Years

Frontage on IN-135 (12,668 VPD) | Main Artery that Runs Directly North to Indianapolis | Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined VPD 20,963)

Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping, and Routine Dock Maintenance

Nearby National Retailers Include Newly Developed Taco Bell, CVS Pharmacy, McDonald’s, Dairy Queen Grill & Chill, Speedway, Casey’s General Store, Edward Jones, and Subway

Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 75 Single-Family Units

North of Indian Creek School Campus, Which Includes the High School, Middle School, Intermediate School, and Elementary School with over 2,000 Students and Staff

Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4% Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million | Indianapolis is the 16th Largest City in the United States

Investment-Grade Tenant: Dollar Tree (Nasdaq: DLTR) has a BBB Rating (S&P) and is Ranked #137 on Fortune 500 List | Company Revenues in 2023 Were $28.3 Billion

Investment Highlights

  • Double-Net Lease with Corporate Guaranty | Four Five-Year Renewal Options with Rent Increases Every Five Years
  • Frontage on IN-135 (12,668 Vehicles Per Day) | Main Artery that Runs Directly North to Indianapolis
  • Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4 Percent Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million
  • Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined Vehicles Per Day 20,963)

Exclusively Listed By

Discount

Dollar Tree

Listing Price: $655,714

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.7
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$71.43
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Highlights

  • Double-Net Lease with Corporate Guaranty | Four Five-Year Renewal Options with Rent Increases Every Five Years
  • Frontage on IN-135 (12,668 Vehicles Per Day) | Main Artery that Runs Directly North to Indianapolis
  • Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4 Percent Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million
  • Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined Vehicles Per Day 20,963)

Investment Overview

4.68 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options with Rent Increases of $0.50 per Square Foot Every Five Years Frontage on IN-135 (12,668 VPD) | Main Artery that Runs Directly North to Indianapolis | Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined VPD 20,963) Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping, and Routine Dock Maintenance Nearby National Retailers Include Newly Developed Taco Bell, CVS Pharmacy, McDonald’s, Dairy Queen Grill & Chill, Speedway, Casey’s General Store, Edward Jones, and Subway Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 75 Single-Family Units North of Indian Creek School Campus, Which Includes the High School, Middle School, Intermediate School, and Elementary School with over 2,000 Students and Staff Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4% Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million | Indianapolis is the 16th Largest City in the United States Investment-Grade Tenant: Dollar Tree (Nasdaq: DLTR) has a BBB Rating (S&P) and is Ranked #137 on Fortune 500 List | Company Revenues in 2023 Were $28.3 Billion

Exclusively Listed By

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