Discount

Dollar Tree

3529 W Noble Ave, Visalia, CA 93277

Listing Price: $2,066,000

Cap Rate
6.35%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.00
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$196.76
Lease Type
Double Net
Rent Per Square Feet
$13.25

Investment Overview

The subject property is a Dollar Tree (Nasdaq DLTR) store at 3529 W. Noble Avenue in Visalia, CA . The 10,500 square feet building was constructed in 2016 and sits on a .27acre parcel within the Visalia Marketplace Shopping Center. Anchored by a Save Mart Supermarket other tenants include Burger King, Starbucks, Popeyes Chicken and a mix of local restaurants and shops. Located at the corner W. Noble Avenue and Demare St, traffic counts exceed 39,000 VPD with more than 55,000 VPD on highway 198 which fronts the center.

There are approximately 6.1 years remaining on a 10 Year NN lease with 3 five-year options where the landlord is responsible for roof and structure. In addition to base rent, tenant pays landlord monthly for property taxes, insurance and common area maintenance. CAM reimbursements, net of property taxes and insurance, are capped at a 5% increase per year.

Visalia is situated in the agricultural San Joaquin Valley of California, about 230 mi southeast of San Francisco, 190 mi north of Los Angeles, 36 mi west of Sequoia National Park, and 43 mi south of Fresno. As the county seat of Tulare County, Visalia serves as the economic and governmental center to one of the most productive agricultural counties in the country.

Dollar Tree, Inc., a Fortune 200 company, is a leading operator of discount variety stores that has served North America for more than thirty years. The Company is proudly headquartered in Chesapeake, Virginia and operates 15,000+ stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada.

Investment Highlights

  • Recession Resistant, essential business with over $23.6 Billion in Revenue
  • Upgraded construction built in 2016, 6.1 years remain on the lease
  • Great visibility within the Visalia Marketplace
  • Long term lease with Dollar Tree (DLTR) with three (3) Five Year options remaining
  • Co-tenants include Save Mart, Starbucks, Burger King and Popeye's Chicken
  • Located off highway 198 featuring traffic counts over 55,000 VPD

Exclusively Listed By

Financing By

Listing Price: $2,066,000

Cap Rate
6.35%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.00
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$196.76
Lease Type
Double Net
Rent Per Square Feet
$13.25

Investment Highlights

  • Recession Resistant, essential business with over $23.6 Billion in Revenue
  • Upgraded construction built in 2016, 6.1 years remain on the lease
  • Great visibility within the Visalia Marketplace
  • Long term lease with Dollar Tree (DLTR) with three (3) Five Year options remaining
  • Co-tenants include Save Mart, Starbucks, Burger King and Popeye's Chicken
  • Located off highway 198 featuring traffic counts over 55,000 VPD

Investment Overview

The subject property is a Dollar Tree (Nasdaq DLTR) store at 3529 W. Noble Avenue in Visalia, CA . The 10,500 square feet building was constructed in 2016 and sits on a .27acre parcel within the Visalia Marketplace Shopping Center. Anchored by a Save Mart Supermarket other tenants include Burger King, Starbucks, Popeyes Chicken and a mix of local restaurants and shops. Located at the corner W. Noble Avenue and Demare St, traffic counts exceed 39,000 VPD with more than 55,000 VPD on highway 198 which fronts the center.

There are approximately 6.1 years remaining on a 10 Year NN lease with 3 five-year options where the landlord is responsible for roof and structure. In addition to base rent, tenant pays landlord monthly for property taxes, insurance and common area maintenance. CAM reimbursements, net of property taxes and insurance, are capped at a 5% increase per year.

Visalia is situated in the agricultural San Joaquin Valley of California, about 230 mi southeast of San Francisco, 190 mi north of Los Angeles, 36 mi west of Sequoia National Park, and 43 mi south of Fresno. As the county seat of Tulare County, Visalia serves as the economic and governmental center to one of the most productive agricultural counties in the country.

Dollar Tree, Inc., a Fortune 200 company, is a leading operator of discount variety stores that has served North America for more than thirty years. The Company is proudly headquartered in Chesapeake, Virginia and operates 15,000+ stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada.

Exclusively Listed By

Financing By

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