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Dollar Tree

3600 NJ-35, Hazlet, NJ 07730

Listing Price: $2,769,230

Cap Rate
6.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
9.5
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$230.77
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Overview

Tenant & Brand Highlights: • Background – The Company was founded in 1986 and currently operates approximately 15,865 locations across the 48 contiguous States & Canada • Tenant Status – The Firm operates two Brands of Dollar Tree & Family Dollar, which together makeup the largest dollar store chain in North America • Track Record – The Brand has a stable credit rating of BBB by S&P, Annual Revenues in excess of $23 Billion, & employs over 60K personnel • Company Growth – Dollar Tree Inc. has shown significant investment in its Dollar Tree Brand, having continued store openings Year over Year, with approximately 300 new locations within the past (12) months • Business Model – Concept is unique, differentiated, and defensible, as it has resonated well with customers who want a great source of essential basic products

Investment Highlights

  • Dollar Tree recently extended its lease and to over (9.5) Years remaining on Term
  • Double Net (NN) Leasehold Opportunity with Minimal Landlord Responsibilities
  • Outparcel to Home Depot (987K Annual Visits per Placer.ai) with a proven track record as demonstrated by site's operating history since 2002
  • Central New Jersey Real Estate – approximately (1) hour commute from New York and Philadelphia
  • Dollar Tree is situated just off Route 35 with average traffic counts of 43K vehicles per day & surrounded by retailers such as Home Depot, Stop & Shop, Pep Boys, Shoprite, amongst others
  • Stable Middle-Class Demographics – Average Household Income is $129.5K with a Population of 131K residents in a 5-mile trade radius

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Listing Price: $2,769,230

Cap Rate
6.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
9.5
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$230.77
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Highlights

  • Dollar Tree recently extended its lease and to over (9.5) Years remaining on Term
  • Double Net (NN) Leasehold Opportunity with Minimal Landlord Responsibilities
  • Outparcel to Home Depot (987K Annual Visits per Placer.ai) with a proven track record as demonstrated by site's operating history since 2002
  • Central New Jersey Real Estate – approximately (1) hour commute from New York and Philadelphia
  • Dollar Tree is situated just off Route 35 with average traffic counts of 43K vehicles per day & surrounded by retailers such as Home Depot, Stop & Shop, Pep Boys, Shoprite, amongst others
  • Stable Middle-Class Demographics – Average Household Income is $129.5K with a Population of 131K residents in a 5-mile trade radius

Investment Overview

Tenant & Brand Highlights: • Background – The Company was founded in 1986 and currently operates approximately 15,865 locations across the 48 contiguous States & Canada • Tenant Status – The Firm operates two Brands of Dollar Tree & Family Dollar, which together makeup the largest dollar store chain in North America • Track Record – The Brand has a stable credit rating of BBB by S&P, Annual Revenues in excess of $23 Billion, & employs over 60K personnel • Company Growth – Dollar Tree Inc. has shown significant investment in its Dollar Tree Brand, having continued store openings Year over Year, with approximately 300 new locations within the past (12) months • Business Model – Concept is unique, differentiated, and defensible, as it has resonated well with customers who want a great source of essential basic products

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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