Discount
Dollar Tree
1340 Logan Ave, Waterloo, IA 50703
Listing Price: $1,125,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in an 8,000-square-foot discount store (the Property) in Waterloo, IA, in which Dollar Tree Stores Inc. has over five years remaining on its double-net ground lease. The lease features two five-year renewal options with a 27 percent rent increase in the next option and a 10 percent rent increase in the following option to offset inflation.
Situated on U.S. Highway 63, the Property is 0.6 miles from 204-bed of UnityPoint Health Allen Hospital the busiest hospital the 10-county service area, and 1.0 mile from 300-student UnityPoint-affiliated Allen College. The Property is within 2.3 miles of the John Deere Waterloo Tractor Operations, with 7.2 million square feet of manufacturing floor space.
The property is located within the six-county Cedar Valley region and the 168,162-person Waterloo-Cedar Falls, IA, Metro Area. Waterloo is home to the 9,283-student University of Northern Iowa and the Waterloo Regional Airport (ALO).
Publicly traded since 1995 and headquartered in Chesapeake, VA, Dollar Tree operates 9,148 Stores and sells most of its merchandise for $1.25. The company reported $17.6 billion in 2024 net sales.
This property offers an investor the security of a corporately backed net lease plus a corner parcel along U.S. Highway 63.
Dollar Tree
Investment Highlights
- Over Five Years Remaining on Double-Net Lease
- Two Five-Year Renewal Options With a 27 Percent Rent Increase in the Next Option and 10 Percent Rent Increase in the Following Option
- Generous 1.06-Acre Corner Parcel Located on U.S. Highway 63 Within 0.6 Miles of a 204-Bed Hospital
- Within 2.3 Miles of 4,478-Employee 2,734-Acre John Deere Waterloo Tractor Operations
- Located in the Waterloo-Cedar Falls, IA, Metro Area — 168,162 Population
- Dollar Tree Sold Family Dollar for $1.01 Billion in July 2025, Allowing the Company to Focus on Its Core Business
Broker of Record
Listing Price: $1,125,000
Investment Highlights
- Over Five Years Remaining on Double-Net Lease
- Two Five-Year Renewal Options With a 27 Percent Rent Increase in the Next Option and 10 Percent Rent Increase in the Following Option
- Generous 1.06-Acre Corner Parcel Located on U.S. Highway 63 Within 0.6 Miles of a 204-Bed Hospital
- Within 2.3 Miles of 4,478-Employee 2,734-Acre John Deere Waterloo Tractor Operations
- Located in the Waterloo-Cedar Falls, IA, Metro Area — 168,162 Population
- Dollar Tree Sold Family Dollar for $1.01 Billion in July 2025, Allowing the Company to Focus on Its Core Business
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in an 8,000-square-foot discount store (the Property) in Waterloo, IA, in which Dollar Tree Stores Inc. has over five years remaining on its double-net ground lease. The lease features two five-year renewal options with a 27 percent rent increase in the next option and a 10 percent rent increase in the following option to offset inflation. Situated on U.S. Highway 63, the Property is 0.6 miles from 204-bed of UnityPoint Health Allen Hospital the busiest hospital the 10-county service area, and 1.0 mile from 300-student UnityPoint-affiliated Allen College. The Property is within 2.3 miles of the John Deere Waterloo Tractor Operations, with 7.2 million square feet of manufacturing floor space. The property is located within the six-county Cedar Valley region and the 168,162-person Waterloo-Cedar Falls, IA, Metro Area. Waterloo is home to the 9,283-student University of Northern Iowa and the Waterloo Regional Airport (ALO). Publicly traded since 1995 and headquartered in Chesapeake, VA, Dollar Tree operates 9,148 Stores and sells most of its merchandise for $1.25. The company reported $17.6 billion in 2024 net sales. This property offers an investor the security of a corporately backed net lease plus a corner parcel along U.S. Highway 63.
Broker of Record
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