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Family Dollar & Dollar Tree
4925 KY-52, Loretto, KY 40037
Listing Price: $1,437,187
Investment Overview
Marcus & Millichap is pleased to present the Family Dollar & Dollar Tree located in Loretto, Kentucky.
The 10,500 square foot building is positioned on about 1.07 acres in the heart of Loretto, Kentucky. The building was built-to-suit to the Family Dollar Tree Combination Store prototype. The building sits about 3.3 miles from the Maker’s Mark Distillery, which is a centerpiece along the Kentucky Bourbon Trail and is the major economic and tourist traffic driver to this area. Loretto is less than 60 miles from Louisville and less than 70 miles from Lexington, home of the University of Kentucky. Family Dollar Tree signed an original ten-year lease that commenced at the end of 2021. There are currently more than 7-and-a-half years remaining on the lease. The lease is a modified triple net lease, with the landlord being responsible for the roof and structure of the building. The tenant is responsible for real estate taxes, insurance, common area maintenance and both maintenance and replacement of the HVAC. There are rent increases in each of the four, five-year renewal options that are available.
Family Dollar & Dollar Tree
Investment Highlights
- 2021 Build-to-Suit Construction
- 3.3 Miles from the Maker's Mark Distillery | Renowned Centerpiece on the Kentucky Bourbon Trail
- New Concept Combination Store ¦ Specifically Formatted for Small-Town America ¦ Delivered Comp Sales of Over 20 Percent
- Original 10-Year Lease ¦ No Early Termination Clause ¦ 7-Plus Years Remaining
- Modified Triple Net Lease | Tenant Reimburses for All Expenses Including CAM, Taxes, Insurance & Admin Fee | Landlord Responsible for the Roof & Structure
- Four, Five-Year Renewal Options | Rent Increases in Each of the Option Periods
- Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
Listing Price: $1,437,187
Investment Highlights
- 2021 Build-to-Suit Construction
- 3.3 Miles from the Maker's Mark Distillery | Renowned Centerpiece on the Kentucky Bourbon Trail
- New Concept Combination Store ¦ Specifically Formatted for Small-Town America ¦ Delivered Comp Sales of Over 20 Percent
- Original 10-Year Lease ¦ No Early Termination Clause ¦ 7-Plus Years Remaining
- Modified Triple Net Lease | Tenant Reimburses for All Expenses Including CAM, Taxes, Insurance & Admin Fee | Landlord Responsible for the Roof & Structure
- Four, Five-Year Renewal Options | Rent Increases in Each of the Option Periods
- Dollar Tree is Publicly Traded on the NASDAQ ("DLTR") | S&P Rated "BBB-"
Investment Overview
Marcus & Millichap is pleased to present the Family Dollar & Dollar Tree located in Loretto, Kentucky. The 10,500 square foot building is positioned on about 1.07 acres in the heart of Loretto, Kentucky. The building was built-to-suit to the Family Dollar Tree Combination Store prototype. The building sits about 3.3 miles from the Maker’s Mark Distillery, which is a centerpiece along the Kentucky Bourbon Trail and is the major economic and tourist traffic driver to this area. Loretto is less than 60 miles from Louisville and less than 70 miles from Lexington, home of the University of Kentucky. Family Dollar Tree signed an original ten-year lease that commenced at the end of 2021. There are currently more than 7-and-a-half years remaining on the lease. The lease is a modified triple net lease, with the landlord being responsible for the roof and structure of the building. The tenant is responsible for real estate taxes, insurance, common area maintenance and both maintenance and replacement of the HVAC. There are rent increases in each of the four, five-year renewal options that are available.
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