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Dollar Tree

Listing Price: $1,160,800

Cap Rate
7.15%
Tenant Name
Dollar Tree
Years Remaining On Lease
9.90
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$110.55
Lease Type
Double Net
Rent Per Square Feet
$8.00

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Carlinville, Illinois.

The 10,500 square foot building was recently retrofitted to the Dollar Tree prototype in 2020. The brand-new 10-year lease is set to commence on August 1, 2020 and set to expire on July 31, 2030. The lease is classified as double net, with the landlord responsible for the roof and structure, replacement of the HVAC and for a portion of the Insurance premium. There are rent increases in each of the four, five-year renewal options available, providing an ideal hedge against future inflation.

Dollar Tree is positioned on about 0.71 acres, with excellent exposure and easy accessibility at the corner of Morgan Street and North Broad Street. The building sits just off the public square, which is the focal point of downtown Carlinville and is in close proximity to a number of national retailers including Dollar General, Carquest Auto Parts, Ace Hardware, U.S. Bank, Subway, McDonalds and Dairy Queen. There is very minimal competition in the market outside of the Dollar General, with a lack of major grocery stores, allowing Dollar Tree to capture those customers with their refrigerated and frozen food section. There is a Walmart Supercenter off Alton Road on the south side of Carlinville. The Blackburn College campus is less than a mile away, and the Carlinville Area Hospital is nearby as well, both of which are major economic drivers in the area.

Investment Highlights

  • 1 Mile from the Carlinville Area Hospital (28,000 Square Foot Acute Care Hospital)
  • Brand-New 10-Year Lease | Commences August 1, 2020 & Expires July 31, 2030
  • Blackburn College Campus is Less than 1 Mile Away | Major Economic Driver in the Area
  • Carlinville is just 55 Miles from St. Louis, Missouri (Population Exceeds 318,000)
  • Dollar Tree has 15,288 Locations in 48 States
  • 10,500 Square Foot Freestanding Dollar Tree | 2020 Retrofit

Exclusively Listed By

Listing Price: $1,160,800

Cap Rate
7.15%
Tenant Name
Dollar Tree
Years Remaining On Lease
9.90
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$110.55
Lease Type
Double Net
Rent Per Square Feet
$8.00

Investment Highlights

  • 1 Mile from the Carlinville Area Hospital (28,000 Square Foot Acute Care Hospital)
  • Brand-New 10-Year Lease | Commences August 1, 2020 & Expires July 31, 2030
  • Blackburn College Campus is Less than 1 Mile Away | Major Economic Driver in the Area
  • Carlinville is just 55 Miles from St. Louis, Missouri (Population Exceeds 318,000)
  • Dollar Tree has 15,288 Locations in 48 States
  • 10,500 Square Foot Freestanding Dollar Tree | 2020 Retrofit

Investment Overview

Marcus & Millichap is pleased to present the Dollar Tree located in Carlinville, Illinois.

The 10,500 square foot building was recently retrofitted to the Dollar Tree prototype in 2020. The brand-new 10-year lease is set to commence on August 1, 2020 and set to expire on July 31, 2030. The lease is classified as double net, with the landlord responsible for the roof and structure, replacement of the HVAC and for a portion of the Insurance premium. There are rent increases in each of the four, five-year renewal options available, providing an ideal hedge against future inflation.

Dollar Tree is positioned on about 0.71 acres, with excellent exposure and easy accessibility at the corner of Morgan Street and North Broad Street. The building sits just off the public square, which is the focal point of downtown Carlinville and is in close proximity to a number of national retailers including Dollar General, Carquest Auto Parts, Ace Hardware, U.S. Bank, Subway, McDonalds and Dairy Queen. There is very minimal competition in the market outside of the Dollar General, with a lack of major grocery stores, allowing Dollar Tree to capture those customers with their refrigerated and frozen food section. There is a Walmart Supercenter off Alton Road on the south side of Carlinville. The Blackburn College campus is less than a mile away, and the Carlinville Area Hospital is nearby as well, both of which are major economic drivers in the area.

Exclusively Listed By

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