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Dollar Tree

8517 S Cottage Grove Ave, Chicago, IL 60619

Listing Price: $1,323,000

Cap Rate
7.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.20
Guarantor
Corporate Guarantee
Rentable SF
8,543
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Overview

INVESTMENT GRADE TENANT • Dollar Tree is a publicly traded (NASDAC:DLTR) Fortune 500 company and is BBBinvestment grade rated. • Currently over 15,200 locations in 48 states in the U.S. and Canada. • Dollar Tree acquired Family Dollar in 2014 for $8.5 Billion. SUPERIOR RESIDUAL VALUE & LOW PRICE POINT • This store has a low rent and price point and offers excellent residual value of $155 PSF. DENSE URBAN INFILL LOCATION • The Dollar Tree is surrounded by a dense residential area with a 5 Mile population of 574,108. • Located directly across the street from Walgreens, Chase Bank, Nike and more. • Located on S. Cottage Grove Avenue (11,900 VPD), is visible from E 87th Street (27,600 VPD) and is located 1 Mile from Interstate 94 (246,700 VPD). • Property is located only 10 Miles from Chicago Midway International Airport serving over 20 Million passengers a year as the second largest airport in Illinois. • Chicago State University (2,964 students) is only 1.5 Miles from the property. • Located only 4 Miles from Rainbow beach on Lake Michigan and 1 Mile from multiple parks. CHICAGO • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million. • Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more. • Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more. • Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more. • Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year. RECENTLY RETROFITTED BUILDING • Property was renovated and expanded in 2014 to suit Dollar Tree, representing significant investment from the Tenant and belief in the location’s retail strength and viability going forward. CORPORATE NN LEASE WITH INCREASES • There are 4.5 years remaining on a 10 year corporate NN Lease with $0.50 PSF increase in each of the three, 5-year option periods. • Tenant is responsible for Taxes, Insurance and CAM. • Landlord is responsible for Roof, Structure, and & HVAC Replacement.

Investment Highlights

  • Dollar Tree is a publicly traded (NASDAQ: DLTR) Fortune 500 company and is BBB- / investment grade rated.
  • Property was renovated and expanded in 2014 to suit Dollar Tree.
  • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Listing Price: $1,323,000

Cap Rate
7.75%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.20
Guarantor
Corporate Guarantee
Rentable SF
8,543
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Highlights

  • Dollar Tree is a publicly traded (NASDAQ: DLTR) Fortune 500 company and is BBB- / investment grade rated.
  • Property was renovated and expanded in 2014 to suit Dollar Tree.
  • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million.

Investment Overview

INVESTMENT GRADE TENANT • Dollar Tree is a publicly traded (NASDAC:DLTR) Fortune 500 company and is BBBinvestment grade rated. • Currently over 15,200 locations in 48 states in the U.S. and Canada. • Dollar Tree acquired Family Dollar in 2014 for $8.5 Billion. SUPERIOR RESIDUAL VALUE & LOW PRICE POINT • This store has a low rent and price point and offers excellent residual value of $155 PSF. DENSE URBAN INFILL LOCATION • The Dollar Tree is surrounded by a dense residential area with a 5 Mile population of 574,108. • Located directly across the street from Walgreens, Chase Bank, Nike and more. • Located on S. Cottage Grove Avenue (11,900 VPD), is visible from E 87th Street (27,600 VPD) and is located 1 Mile from Interstate 94 (246,700 VPD). • Property is located only 10 Miles from Chicago Midway International Airport serving over 20 Million passengers a year as the second largest airport in Illinois. • Chicago State University (2,964 students) is only 1.5 Miles from the property. • Located only 4 Miles from Rainbow beach on Lake Michigan and 1 Mile from multiple parks. CHICAGO • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million. • Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more. • Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more. • Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more. • Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year. RECENTLY RETROFITTED BUILDING • Property was renovated and expanded in 2014 to suit Dollar Tree, representing significant investment from the Tenant and belief in the location’s retail strength and viability going forward. CORPORATE NN LEASE WITH INCREASES • There are 4.5 years remaining on a 10 year corporate NN Lease with $0.50 PSF increase in each of the three, 5-year option periods. • Tenant is responsible for Taxes, Insurance and CAM. • Landlord is responsible for Roof, Structure, and & HVAC Replacement.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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