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Discount

Dollar Tree | Part of Portfolio | Can Be Sold Separately

626 S 9th St, Burlington, IA 52601

Listing Price: $515,000

Cap Rate
7.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
0.9
Guarantor
Corporate Guarantee
Rentable SF
10,621
Lease Type
Double Net
Rent Per Square Feet
$3.62

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar Tree located in Burlington, Iowa. Dollar Tree is comprised of 10,621 square feet and it shadowed by Hy-Vee Grocery, the only grocer on this side of town. Dollar Tree joined this site in 2012 and there is one-year remaining on the lease with a 10 percent bump in all options. The subject property is location in a prime location in the heart of Burlington, Iowa. Dollar Tree is being offered for $515,000.

Investment Highlights

  • 10,621-Square-Foot Dollar Tree in Burlington, Iowa
  • Shadowed by Hy-Vee Grocery | Only Grocer on this Side of Town
  • Concrete Construction and Retrofit Location | Dollar Tree Joined Site in 2012
  • Dollar Tree Has been at Site Since 2012 | One-Year Remaining on Lease | 10 Percent Rent Bump In All Options
  • Extremely Cheap Rent of $3.62 per Square Foot | Well Below Market | Minimal Risk of Retrade or Relocation
  • Prime Location in Heart of Burlington | Walking Distance to Burlington's Most Dense Part of Town
  • Stable and Mature Demographics | 11,075 Residents Within 1 One-Mile | 27,187 Within Five-Miles | 30,655 Within Five-Miles
  • Minimal Landlord Responsibilities | Limited to Roof, Structure and Parking Lot Replacement | New Roof Recently Replaced

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Discount

Dollar Tree | Part of Portfolio | Can Be Sold Separately

Listing Price: $515,000

Cap Rate
7.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
0.9
Guarantor
Corporate Guarantee
Rentable SF
10,621
Lease Type
Double Net
Rent Per Square Feet
$3.62

Investment Highlights

  • 10,621-Square-Foot Dollar Tree in Burlington, Iowa
  • Shadowed by Hy-Vee Grocery | Only Grocer on this Side of Town
  • Concrete Construction and Retrofit Location | Dollar Tree Joined Site in 2012
  • Dollar Tree Has been at Site Since 2012 | One-Year Remaining on Lease | 10 Percent Rent Bump In All Options
  • Extremely Cheap Rent of $3.62 per Square Foot | Well Below Market | Minimal Risk of Retrade or Relocation
  • Prime Location in Heart of Burlington | Walking Distance to Burlington's Most Dense Part of Town
  • Stable and Mature Demographics | 11,075 Residents Within 1 One-Mile | 27,187 Within Five-Miles | 30,655 Within Five-Miles
  • Minimal Landlord Responsibilities | Limited to Roof, Structure and Parking Lot Replacement | New Roof Recently Replaced

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar Tree located in Burlington, Iowa. Dollar Tree is comprised of 10,621 square feet and it shadowed by Hy-Vee Grocery, the only grocer on this side of town. Dollar Tree joined this site in 2012 and there is one-year remaining on the lease with a 10 percent bump in all options. The subject property is location in a prime location in the heart of Burlington, Iowa. Dollar Tree is being offered for $515,000.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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