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Dollar Tree

Listing Price: $1,303,000

Cap Rate
7.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
5.40
Gross SF
9,000
Guarantor
Corporate Guarantee
Rentable SF
9,000
Price/Gross SF
$144.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.50

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree in Medford, Wisconsin.

The 9,000 square foot Dollar Tree is positioned on .84 acres and sits in close proximity to Walmart and County Market, the only two grocers within 17 miles. Other national retail traffic drivers include McDonalds, Arbys, Hardees, Taco Bell, Family Dollar, OReilly Auto Parts, and Maurices among many others.

The Dollar Tree was built in 2018, providing assurance of no deferred maintenance for a future landlord. The lease is considered triple net, with the tenant reimbursing for all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the four renewal options. Dollar Tree signed an original seven year lease. Currently there are over 5.75+ years of term remaining giving an incoming investor ease of mind and higher yield with a tenant credit rated by S&P 500 as BBB-.

Dollar Tree benefits from a lack of competition in the market, as well as Medford is the local draw for the surrounding towns and communities. The next closest Dollar Tree and Walmart are over 36 miles away.

Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states. The company is publicly traded on the NASDAQ under the ticker DLTR.

Investment Highlights

  • Build to Suit Dollar Tree in 2018 | Zero Deferred Maintenance
  • Original 7 Year Lease | 5.5 Years Remaining
  • Perfectly Positioned in the heart of Medford
  • Modified NNN Lease | Tenant Reimburses for CAM, Taxes & Insurance
  • Four, Five-Year Options with $0.50/PSF Rent Increases in Each Option
  • Dollar Tree (NASDAQ: DTR) | S&P Rated BBB-

Exclusively Listed By

Listing Price: $1,303,000

Cap Rate
7.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
5.40
Gross SF
9,000
Guarantor
Corporate Guarantee
Rentable SF
9,000
Price/Gross SF
$144.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.50

Investment Highlights

  • Build to Suit Dollar Tree in 2018 | Zero Deferred Maintenance
  • Original 7 Year Lease | 5.5 Years Remaining
  • Perfectly Positioned in the heart of Medford
  • Modified NNN Lease | Tenant Reimburses for CAM, Taxes & Insurance
  • Four, Five-Year Options with $0.50/PSF Rent Increases in Each Option
  • Dollar Tree (NASDAQ: DTR) | S&P Rated BBB-

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree in Medford, Wisconsin.

The 9,000 square foot Dollar Tree is positioned on .84 acres and sits in close proximity to Walmart and County Market, the only two grocers within 17 miles. Other national retail traffic drivers include McDonalds, Arbys, Hardees, Taco Bell, Family Dollar, OReilly Auto Parts, and Maurices among many others.

The Dollar Tree was built in 2018, providing assurance of no deferred maintenance for a future landlord. The lease is considered triple net, with the tenant reimbursing for all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the four renewal options. Dollar Tree signed an original seven year lease. Currently there are over 5.75+ years of term remaining giving an incoming investor ease of mind and higher yield with a tenant credit rated by S&P 500 as BBB-.

Dollar Tree benefits from a lack of competition in the market, as well as Medford is the local draw for the surrounding towns and communities. The next closest Dollar Tree and Walmart are over 36 miles away.

Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states. The company is publicly traded on the NASDAQ under the ticker DLTR.

Exclusively Listed By

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