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Dollar Tree & Family Dollar Portfolio | Recent Extensions | Iowa & Nebraska

2615 Lincoln Hwy, Clinton, IA 52732

Listing Price: $960,000

Cap Rate
7.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
11,988
Lease Type
Double Net
Rent Per Square Feet
$6.00

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Dollar Tree & Family Dollar Portfolio with properties located in Iowa and Nebraska. This Dollar Tree is located in Clinton, Iowa and is comprised of 11,988 square feet with recently upgraded construction and located at a retrofit location. There is minimal competition near this Dollar Tree with the closest store being over three miles away. Dollar Tree is being offered for $960,000.

Investment Highlights

  • 11,988-Square-Foot Dollar Tree in Clinton, Iowa
  • Upgraded Construction and Retrofit Location | Dollar Tree Joined Site in 2011
  • Dollar Tree Extended Lease in 2014 for 10-Year Which Runs Through 2024
  • Extremely Cheap Rent of $6.00 per Square Foot | Well Below Market | Minimal Risk of Retrade or Relocation
  • Closest Dollar Store is Over Three-Miles Away | Minimal Competition Nearby
  • One, Five-Year Option Remaining | Substantial 16.7 Percent Rental Bump | Huge Upside Potential
  • Prime Location Directly Off-Highway Seeing Over 20,837 Cars per Day | Situated at Signalized Intersection Which Connects to Walmart
  • Strategically Placed in Main Retail Corridor | Surrounding Retailers Include Walmart, Hobby Lobby, Aldi, Kohl's, Home Depot, Harbor Freight, Aldi, Arby's, Culvers, and Buffalo Wild Wings

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Discount

Dollar Tree & Family Dollar Portfolio | Recent Extensions | Iowa & Nebraska

Listing Price: $960,000

Cap Rate
7.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
11,988
Lease Type
Double Net
Rent Per Square Feet
$6.00

Investment Highlights

  • 11,988-Square-Foot Dollar Tree in Clinton, Iowa
  • Upgraded Construction and Retrofit Location | Dollar Tree Joined Site in 2011
  • Dollar Tree Extended Lease in 2014 for 10-Year Which Runs Through 2024
  • Extremely Cheap Rent of $6.00 per Square Foot | Well Below Market | Minimal Risk of Retrade or Relocation
  • Closest Dollar Store is Over Three-Miles Away | Minimal Competition Nearby
  • One, Five-Year Option Remaining | Substantial 16.7 Percent Rental Bump | Huge Upside Potential
  • Prime Location Directly Off-Highway Seeing Over 20,837 Cars per Day | Situated at Signalized Intersection Which Connects to Walmart
  • Strategically Placed in Main Retail Corridor | Surrounding Retailers Include Walmart, Hobby Lobby, Aldi, Kohl's, Home Depot, Harbor Freight, Aldi, Arby's, Culvers, and Buffalo Wild Wings

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Dollar Tree & Family Dollar Portfolio with properties located in Iowa and Nebraska. This Dollar Tree is located in Clinton, Iowa and is comprised of 11,988 square feet with recently upgraded construction and located at a retrofit location. There is minimal competition near this Dollar Tree with the closest store being over three miles away. Dollar Tree is being offered for $960,000.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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