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Dollar Tree

312 E O'Reilly St, Presidio, TX 79845

Listing Price: $1,520,000

Cap Rate
6.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.3
Gross SF
12,100
Guarantor
Corporate Guarantee
Rentable SF
12,100
Price/Gross SF
$125.62
Lease Type
Double Net
Rent Per Square Feet
$7.85

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Dollar Tree in Presidio, Texas. The property consists of a 12,100-square foot, freestanding building that sits on approximately 1.20 acres of land. There are approximately 6.5 years remaining on the current lease term, with rental escalations scheduled in the options. Dollar Tree signed an early lease extension in 2020, showing their commitment to the site. In addition, Dollar Tree selected this site for a “Snack Zone“ renovation. The renovation initiative began in 2018 and, according to the company, has generated incremental sales and additional foot traffic at stores that received the renovation. The property is located on O’ Reilly Street, one of the main thoroughfares in the city that leads to the Presidio–Ojinaga International Bridge (more than 728,000 border crossings in 2020). Presidio and Ojinaga have a combined population of 32,466. Presidio serves as a popular border crossing destination for the region and is the western gateway to Big Bend Ranch State Park and Big Bend National Park—tourist attractions that draw approximately 443,000 visitors to the region annually. Additional nearby attractions include the “West Texas Triangle“ of Marfa, Fort Davis and Alpine, and resorts like the Chinati Hot Spring.

Investment Highlights

  • Oversized 12,100 SF Store on a 1.20 Acre Parcel
  • Commitment to Site - Dollar Tree Recently Signed an Early Lease Extension in 2020
  • Dollar Tree's "Snack Zone" Renovation Was Installed at the Store - An Initiative to Generate Sales and Foot Traffic
  • Main Thoroughfare Location - 1.3 Miles From Border Crossing (Nearly 728,000 Border Crossings in 2020)
  • Presidio is a Bordertown with Ojinaga, Mexico (Combined Population of 32,466)
  • Dollar Tree is a Fortune 500 Company and Expects to Open 500 New Stores in 2020
  • Presidio is the Western Gateway to Big Bend State & National Park (Approximately 443,000 Visitors Annually)

Exclusively Listed By

Financing By

Listing Price: $1,520,000

Cap Rate
6.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.3
Gross SF
12,100
Guarantor
Corporate Guarantee
Rentable SF
12,100
Price/Gross SF
$125.62
Lease Type
Double Net
Rent Per Square Feet
$7.85

Investment Highlights

  • Oversized 12,100 SF Store on a 1.20 Acre Parcel
  • Commitment to Site - Dollar Tree Recently Signed an Early Lease Extension in 2020
  • Dollar Tree's "Snack Zone" Renovation Was Installed at the Store - An Initiative to Generate Sales and Foot Traffic
  • Main Thoroughfare Location - 1.3 Miles From Border Crossing (Nearly 728,000 Border Crossings in 2020)
  • Presidio is a Bordertown with Ojinaga, Mexico (Combined Population of 32,466)
  • Dollar Tree is a Fortune 500 Company and Expects to Open 500 New Stores in 2020
  • Presidio is the Western Gateway to Big Bend State & National Park (Approximately 443,000 Visitors Annually)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Dollar Tree in Presidio, Texas. The property consists of a 12,100-square foot, freestanding building that sits on approximately 1.20 acres of land. There are approximately 6.5 years remaining on the current lease term, with rental escalations scheduled in the options. Dollar Tree signed an early lease extension in 2020, showing their commitment to the site. In addition, Dollar Tree selected this site for a “Snack Zone“ renovation. The renovation initiative began in 2018 and, according to the company, has generated incremental sales and additional foot traffic at stores that received the renovation. The property is located on O’ Reilly Street, one of the main thoroughfares in the city that leads to the Presidio–Ojinaga International Bridge (more than 728,000 border crossings in 2020). Presidio and Ojinaga have a combined population of 32,466. Presidio serves as a popular border crossing destination for the region and is the western gateway to Big Bend Ranch State Park and Big Bend National Park—tourist attractions that draw approximately 443,000 visitors to the region annually. Additional nearby attractions include the “West Texas Triangle“ of Marfa, Fort Davis and Alpine, and resorts like the Chinati Hot Spring.

Exclusively Listed By

Financing By

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